Hotel 53 in York sold to Axcel Group

06 September 2017 by
Hotel 53 in York sold to Axcel Group

York's 100-bedroom Hotel 53 has been acquired by property firm Axcel Group off a guide price of £13m, as the former owners are looking to retire.

Previously independently operated, the hotel also has an on-site restaurant and cocktail bar, as well as a selection of business spaces and conference suites.

Axcel Group has four other hotels in its portfolio, including the Edinburgh Torphichen Street, the AC Marriott Manchester Cable Street, the Mercure Edinburgh Haymarket hotel, and the Hampton by Hilton London Croydon.

Alistair Greenhalgh, hotels director at property consultancy Lambert Smith Hampton, which marketed and sold the property, said: "Hotel 53 was sold off-market on behalf of private clients, illustrating the current appetite for prime city centre hotels. We wish our client a happy retirement and the new owners, Axcel Group, every success in their future plans for the hotel."

New GM for Grand Hotel & Spa in York >>

Hotel Indigo York appoints Oliver Bell head chef >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking