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Leicester Council Sells Holiday Inn Land | Leicester News
Leicester City Council is cashing in on a 50-year hotel lease at St Nicholas Circle, selling the land to current operator MCAP Global Finance for £1.8 million — a move that boosts the council’s finances and lets the hotel upgrade its facilities. Part of a £60 million property sale strategy this year, the deal follows the disposal of other key assets like the Innovation Centre and Oxford Street land. Mayor Peter Soulsby called it a win-win: the hotel gets to invest, and the city gains vital funds to support essential services. MCAP is also footing £20,000 of transaction fees, showing a smart…
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