West Midland council set to buy landmark hotel in major deal
A West Midlands local authority is moving into the hotel sector after announcing it intends to buy the leasehold on a major venue in its area.
Coventry City Council is on course to purchase the lease for Coombe Abbey Hotel from current owner No Ordinary Hotels. The terms have not been disclosed but it is thought the deal could be in excess of £10m.
The local authority already owns the freehold to the Brinklow-based 119-bedroom, Grade I-listed property and its estate – but sees the hotel as a solid investment for the future.
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