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A landmark Yorkshire hotel has been purchased by a London-based real estate investor for an undisclosed sum – weeks after the property was valued at more than £30m.<br/>The property used by Malmaison York, based in the former Yorkshire House building once used by insurance giant Aviva as offices, has been sold to Firethorn Trust.<br/>The 29,000 sq ft site with 150 bedrooms is occupied by Malmaison under a 35-year lease, with a current rental income of £2.1m per annum.<br/>The hotel has only been open since 2021 following major redevelopment work overseen by Lothbury Property Trust.<br/>The sale price has not been disclosed but last month Lothbury listed Malmaison as one of its top ten assets, valued at £31m.<br/>Marcus Weeks, Director and Head of Living at Firethorn Trust, said: “Malmaison York is a high-quality asset that will perform well and create long-term value for us, whilst strengthening Firethorn’s presence in the living space.<br/>“It’s a fantastic addition to our investment portfolio and complements our wider development strategy to deliver high-quality spaces in great locations that enable people and places to thrive.<br/>“We have an appetite and ability to pursue opportunistic transactions, and look forward to continuing our growth within the living sector.”

Malmaison York: New owner buys landmark hotel for undisclosed sum weeks after £31m valuation revealed

⏲ 0:43 👁 2M

TMG Property Management Services NW

Gorgeous 3BD Estate Overlooking Columbia River

⏲ 1 minute 17 seconds 👁 31

TMG Property Management Services NW

A Day in the Life of a Property Manager | TMG Property Management Services NW

⏲ 5 minutes 41 seconds 👁 1.2K

Doorbell footage has captured a house explosion which left a man in a critical condition and killed a dog.

County Durham: House explodes before fire rages through property

⏲ 0:39 👁 1.2M

TMG Property Management Services NW

604 NE 100th Ave Vancouver WA - Managed by TMG Property Management

⏲ 3 minutes 28 seconds 👁 37

TMG Property Management Services NW

TMG Property Management - Managing Rental Properties in Oregon and Washington

⏲ 34 seconds 👁 157

A couple bought a grade two listed home for more than £500k - featuring a 20m deep well.<br/><br/>Emily, 48, and Phillip Jones, 51, bought The Old House, a grade two listed 1670 property back in May 2021.<br/><br/>Since they moved into the property, Emily and Phillip have insulated the property, installed new heating - repaired and replaced windows.<br/><br/>They have also, renovated their kitchen, decorated two bedrooms and renovated the sun room.<br/><br/>Earlier this month, Emily and Phillip decided to \

Couple bought grade two listed home for more than £500k - featuring a 20m deep well

⏲ 4:13 👁 52.4M

TMG Property Management Services NW

Chase Landing | Warm and Inviting Three-Bedroom Townhome

⏲ 56 seconds 👁 154

TMG Living Luxury Apartment Rentals

TMG Living - Most Pet Inclusive Property Management Company

⏲ 2 minutes 5 seconds 👁 82

The Cabinet has agreed to extend the contract for Bestinet Sdn Bhd, says Datuk Seri Saifuddin Nasution Ismail.<br/><br/>The Home Minister said that the decision was made by the Cabinet \

Cabinet agrees to extend Bestinet's contract, says Saifuddin

⏲ 4:8 👁 14.2M

Chris Farr

TMG Property Management

⏲ 1 minute 35 seconds 👁 23

TMG Property Management Services NW

TMG Tonight Episode 3: Patrick Telfer & Steve Wehrman (AMS Takeover!)

⏲ 39 minutes 48 seconds 👁 73

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