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, proactive approach to managing the council’s finances. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5c65e913a44950ea