Press Release: LORD LEYCESTER HOTEL TO GET £2MILLION REFURBISHMENT

Plans for a major renovation at a historic Warwick hotel will take shape in the New Year after a takeover.

Pat and Mike Murphy purchased the Grade II Listed Lord Leycester hotel in late September, and they have handed managerial responsibilities to their brother, Martyn.

Martyn’s hotel management firm, MGM Hotels, is now consulting with architects about a £2 million refurbishment, which will modernise the 52-bedroom hotel, its conference room, meeting rooms and 92-cover restaurant.

Work should be completed by the end of 2010 and Martyn believes the revitalised hotel has a bright future.

“We are getting the architects together soon because we want to refurbish certain parts of the hotel next year – although this will not affect future bookings,” said Martyn, who also runs the Old Palace Hotel in Church Street, Dunstable.

“The hotel was on the market for a long time, despite being an intrinsically good asset. The price changed a lot from when it first appeared, and finally reached a level we were happy with.

“This is a long-term investment for us. We want to be here for years to come.

 “We were attracted to it because it’s a Grade Two listed building in the centre of Warwick, so it’s a good location for tourists and good for conference and banqueting clients too.

“There are also nearly 50 on-site car parking spaces which is rare for a town centre hotel, so overall we found it had a lot of positives.”

The deal was completed through local solicitors Band Hatton.

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