Wed, 12 Jun 2013 | COMMERCIAL PROPERTY
A developer has agreed to the sale of a Grade-II listed commercial building in York.
Rushbond is to sell St Leonard's Place to Ambiance Hotels for redevelopment. The building has until recently been used as the City of York Council's principal offices, but its prime central location near the York Minster will help with its new start as a hotel.
Stewart Lewis, director of Ambiance, commented: “This was a unique opportunity to acquire a stunning building at the heart of the city's major attractions.
“York has a proven pedigree as a visitor destination and we are excited about developing an iconic hotel that creates a new chapter in the special history of St Leonard's place.”
The refurbishment process will see the building transformed into a flagship hotel for Ambiance. Work is due to start in Spring of next year and will take place in partnership with Harcourt Capital and Hotel Land & Development.
Jonathan Maud, managing director of Rushbond, added that the crescent building is “now set for the start of a new life following the relocation of the council”. He added: “Ambiance Hotels plan to operate a high quality, luxury hotel that represents further investment into this part of the city, supporting its fabulous array of cultural attractions.”
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