Topic overview
In brief
- Leisure & Co Hotel Ltd has acquired an unfinished Hilton Garden Inn in Peterborough, aiming to reopen it by summer 2027.
- The hotel is approximately 80% complete and will be managed by Leaf Hospitality, creating around 60 local jobs.
- The previous developer faced financial issues, leading to the sale of the hotel after entering administration, with limited independent confirmation of the current developments.
Summary
In a recent development, Leisure & Co Hotel Ltd has acquired an unfinished Hilton Garden Inn in Peterborough, England, which has been vacant for several years. The hotel, located in Fletton Quays, is reported to be approximately 80% complete and is expected to reopen by summer 2027. This acquisition follows the previous developer's financial difficulties, which led to the hotel being sold after entering administration. The local council had previously lent £15 million to the original developer, but the project faced setbacks attributed to the Covid pandemic and rising construction costs. The new owners plan to manage the hotel through Leaf Hospitality and aim to create around 60 jobs in the area. However, independent confirmation of these developments remains limited, and the situation surrounding the previous administration's handling of the project continues to be a point of contention among local officials.