On Monday 31st August, it emerged that The Cosmopolitan in Leeds has been sold to Thakerar and Dhamecha families for an undisclosed price.
The 89-guest bedroom hotel, one of the oldest in the city centre has been sold to the newly formed Belfont Hotels which is a joint venture owned by the Thakerar and Dhamecha families.Peel Hotels decided to sell this property to focus on its remaining hotels across the UK. This means thatBelfont Hotels acquired its first hotel with plans to add other hotels within key cities around the UK.
KevalThakerar, in a statement to Leeds Live said, "We are excited to have secured such a diverse hotel as The Cosmopolitan. Leeds city centre generates such strong corporate and leisure demand across the year and, once our investment has been undertaken, we will have one of the best hospitality venues in the city."
His colleague, AkshayDhamechasaid, "We look forward to working with the Thakerar Family on our first hotel acquisition and further growing the Belfont Hotel portfolio.
"The Cosmopolitan is a landmark building in the heart of the city and with further investment to the hotel, we are confident the hotel will be very popular. We are glad to have Countrywide Hotels as our management team where their experience has proved paramount.”
