Leonardo Hotel Newcastle brought to market for £31.8m
Hotel Owner
OCTOBER 17, 2023
this year, rising to 9.86% in 2028, and 11.05% in 2033. Fletcher said: “This is a well-located, recently rebranded city centre hotel only a few minutes’ walk from Newcastle Central train station and it is operated by a well-known international brand. If sold for £31.8m, the purchaser can expect a running yield of around 8.5%
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