L&G has acquired Hyatt Place and Hyatt House, a 305-bed dual-branded hotel in Central Leeds, on behalf of its Managed Property Fund.
Located opposite Leeds City train station, the hotel is within walking distance to prime attractions, such as the First Direct Arena, Trinity Shopping Centre and Leeds Grand Theatre and Playhouse, that drive visitors to the city and demand for high-quality accommodation.
The hotel boasts all-electric operations and a BREEAM rating of Excellent, which aligns with L&G’s commitment to sustainability in the real estate industry. The prime location, sustainability credentials and outstanding quality of the hotel complements the fund’s strategy, recognizing that superior stock selection is a key driver of outperformance.
The newly developed hotel, opened in March 2025, comprises 88 Hyatt House long-stay rooms and 217 hotel bedrooms, with a rooftop bar and restaurant. As highlighted in West Yorkshire’s Local Growth Plan, new
