Ramada Leicester Stage hotel sold to London Town Group

Date: September 2017

Location: Leicester, UK – three miles from city centre

Name: Ramada Leicester Stage, three star

No. of Keys: 79

Seller: Lester Hotels, who bought the hotel in 2006 for £6m, advised by Colliers

Buyer: London Town Hotels

Price: Undisclosed

THPT Comment: London Town, headed up by Koolesh Shah have done well over the 29 years since they started, with, now, eight hotels under the Mercure, Hotel Indigo (LTH opened the first Hotel Indigo outside of the USA, in 2009) & Travelodge brands, and continues their Provincial expansion from originally being just a London based company.

Simon Lester, Chairman of Lester Hotel, had planned to open 20 Ramada hotels under an agreement signed in 2014, with Wyndham Hotels…but one suspects that might not happen now, with just three properties operating under the Ramada brand.

First Seen: Hotelowner