Leicester Council Sells Hotel Land | Leicester News

Leicester City Council is selling the land under the iconic Holiday Inn in St Nicholas’ Circle — a fixture since the 70s — to help the hotel secure better financing and insurance. Though the council will lose annual lease income, the sale is part of a broader strategy to offload £60 million in underused property. The deal nets the city £1.8 million, a vital boost for public services. Mayor Sir Peter Soulsby calls it a win-win: the hotel gains operational freedom, and the city gains cash to keep things running smoothly. 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/8d558b8a28c5bae0