Preston's 140-room Premier Inn hotel put up for sale for £8.7 million
Owners Kames Capital – part of Aegon Asset Management – are seeking to offload the seven-storey building at the junction of Ringway and Fox Street, which was built in 2010.has a 25-year lease on the building – signed in 2011 and due to expire in 2036 – and this would continue under a new landlord.
However, Premier Inn reportedly has a lease break option in 2031, when the hotel chain will have the opportunity to either renegotiate the terms of its lease or end it altogether.Most Popular
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