Seneca acquires seven-storey Preston hotel

By Tim Aldred

10 Nov 2023

Premier Inn Preston

Seneca Property has acquired the freehold of the 140-bedroom Premier Inn Hotel in Preston.

The seven-storey property was newly developed in 2011 at a reported cost in excess of £23m and has been home to Premier Inn ever since, with them having taken a 25-year lease over the property, for a rent of £725,000 per annum.

The purchase price hasn’t been revealed however it is known that CBRE were marketing the property for sale in Q4 2022 and seeking offers in excess of £8.7m.

The hotel is in close proximity to the UCLan campus and the city’s railway station. The building also houses German Doner Kebab and Kaspa’s Desserts, with the potential for further income to be generated from additional suites on the Ground and First Floors.

Seneca Property was advised on the purchase by Adam Wildig at Christopher Dee (Investment Advice) and Darren Hamer at Hill Dickinson (Legals).

Enjoyed this? Read more from Tim Aldred

Latest news

1

Hot 100-ranked rubber products manufacturer acquired by group PAR Group

Hot 100-ranked rubber products manufacturer acquired by group

20 May 2024

2

Victorian Plumbing acquires rival with similar name Farington Park Aerial View

Victorian Plumbing acquires rival with similar name

20 May 2024

3

Growth consultant rebrands after successful first 12 months Amplify Business Success.png.png

Growth consultant rebrands after successful first 12 months

20 May 2024

4

Advice for landlords and developers when upgrading windows Beech Rock_Web-2 (1).jpg.jpg

Advice for landlords and developers when upgrading windows

20 May 2024

5

Becoming the supply chain for the world Miranda Barker Elcc

Becoming the supply chain for the world

20 May 2024

Lbv116 Ltb Strip980
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
21 May 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
21 May 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
22 May 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
22 May 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Your Business Bootcamp
CBP-logo LBV.png.png
LBV Hub Networking
22 May 2024

Your Business Bootcamp

Burnley Football Club, Turf Moor, 52-56 Harry Potts Way, Burnley, BB10 4BX

08:30 - 13:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
22 May 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
23 May 2024 - 23 May 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Creative Lancashire Networking Social
Untitled design-4.png.png
LBV Hub Networking
23 May 2024

Creative Lancashire Networking Social

Society1 Coworking Space, Preston, PR1 3LT

17:30 - 19:30

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
23 May 2024 - 23 May 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
23 May 2024 - 23 May 2024

Chamber Breakfast Networking

HIC, Lancaster University, Bailrigg, Lancaster, LA1 4AT

08:00 - 10:00

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
24 May 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Business Networking in Preston - BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
24 May 2024

Business Networking in Preston - BNI Brunch

Samlesbury Hotel, Preston, PR5 0UL

09:30 - 11:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin