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The grade II listed Cathedral Quarter Hotel in Derby has recently been sold to Rashmi Dedigama and Peter Karan of Lavendish Leisure, a subsidiary of the Dedigama Group.
The hotel, which has 38 individually designed ensuite bedrooms, is a Victorian property that was originally built in the 19th century. Located in the heart of Derby’s commercial district on St Mary’s Gate, the building previously served as a police station and also a council headquarters.
In 2008, the current owners, The Finesse Collection, purchased the property and converted it into a luxurious boutique hotel. The property still retains its period features, including Victorian mosaic floors, stained glass windows and a grand central staircase.
This is the second UK based hotel purchased by Lavendish Leisure.
Dedigama said: “We’re thrilled to be taking on this stunning period hotel which marks our second acquisition in the UK. We look forward to capitalising on the existing reputation of the hotel whilst putting our own stamp on it.”
In addition to the bedrooms, the hotel has a cocktail bar, Bogart’s, and a British restaurant, Opulence.
The hotel currently welcomes a mix of business trade as well as leisure guests as it is placed to take advantage of the myriad of commercial developments within the immediate vicinity and is just a short walk away from Derby’s main retail centre, including Westfield Shopping Centre.
In addition, as the hotel’s name suggests, it is also situated close to Derby Cathedral, on the north side of the city centre.
Josh Sullivan, associate director in Colliers’ Hotels Agency team who handled the sale, said: “The hotel was sold in a confidential fashion and yet generated substantial interest resulting in multiple offers. The asset presented exceptional value given its size, location, and potential to trade competitively within its market.
“The buyer has ambitious plans for the business and we look forward to seeing it flourish. This transaction further underpins the continued demand for sensibly priced, well-located regional hotel opportunities with the ability to add value.”
