Legal And General Acquires Dual-Branded Hotel in Leeds After Four-Month Run, What You Need to Know Now

Saturday, July 26, 2025

In a fast real estate deal, Property fund managed by Legal And General has purchased the dual-branded hotel in Leeds in a four-month turnaround. The hotel, which falls under two different Hyatt brands – Hyatt Place and Hyatt House – was bought for £63 million in a major deal for the UK’s developing hotel industry. This purchase reflects the healthy appetite for well-located good quality stock in regional cities away from London.

The Hotel and Its Features

In the center of Leeds, just across the street from the city’s main train station. The property is notable for being the first under one roof to offer two different brand affiliations — the 305-room hotel is dual branded. The hotel includes 217 short-term hotel rooms branded as Hyatt Place and 88 extended-stay suites branded as Hyatt House. The dual branding offers added convenience and variety based on whether a guest is traveling for business or planning an extended stay, of which Hyatt House is well-known.

The scheme is a welcome addition to the burgeoning leisure market in Leeds. The property boasts a central location – just 10 minutes’ walk from the city’s most popular destination represents the best of both worlds for visitors, so whether you’re planning to sample some of the major city attractions nearby, including the First Direct Arena and Trinity Leeds shopping centre or are looking for a base to explore the surrounding area, the hotel is a perfect choice. The hotel includes meeting facilities, a rooftop bar and restaurant and is designed to address a range of guest needs and tastes and features views of the area. Aimbridge Hospitality is a trusted industry leader and operates the hotel.

Sustainability and ESG Focus

Consistent with Legal And General’s focus on sustainable and responsible investments, the hotel has been designed with an all-electric infrastructure, making the building more energy efficient and reducing its carbon footprint. It has achieved a BREEAM ‘Excellent’ rating for sustainability, which is an internationally accepted measure of a building’s impact on the environment. This commitment to sustainability parallels the increased popularity of ESG (Environmental, Social and Governance) compliant buildings among the investment community. Legal And General has a strong focus on high quality, environmentally friendly assets, which are in line with the expectations of the modern investor and consumer.

The Investment Opportunity

The purchase forms part of Legal And General’s wider strategy to grow its portfolio with prime, high quality assets in key regional cities across the UK. Leeds, a diversified economy and thriving cultural offering After years of investment, the price of land for development in Leeds has brought in the hospitality developers and investors. The deal also shows confidence in the future of the city’s hospitality market, even with challenges coming from the continuing economic recovery.

The dual-branded hotel also underscores the rapid dynamic growth movement towards mixed-use hotel and mixed use development that provide the unique, short stay and long-stay under one roof. The adaptability of the properties offers an attractive gateway for corporate business and leisure travelers, developers and investors to acquire properties that are not only hospitality-oriented but that have varied revenue base. Its success is expected to generate replica developments in other key UK cities.

Ownership before Legal And General

Before its acquisition by Legal And General, the hotel was owned by a joint venture between asset managers Marrico and Helios. In 2022, the venture secured a £62.7 million forward funding deal with UK Commercial Property REIT to develop the hotel, which was operated under a 25-year franchise agreement with Hyatt. The development was constructed by GMI Construction and designed by DLA Architecture.