York apart-hotel operator embarks on £2.8m expansion programme

An apart-hotel operator in York is embarking on an expansion programme after acquiring a city centre building.

Work has already begun on transforming the property into an exclusive development of serviced apartments as part of a £2.8m investment.

The Lawrance Luxury Apart-Hotel has acquired 45 Tanner Row, which is just off Micklegate in York city centre.

The former office building covers approximately 7,500 sq ft over three floors and work is now underway transforming the property into 13, one bedroom apartments, which will open this autumn.

Russell Burnett from law firm LCF Barber Titleys advised the company on the acquisition.

The Lawrance launched its apart-hotel concept nearly five years ago in a neighbouring building on Micklegate, where it offers 14 apartments and Café74 which serves drinks and light lunches.

In addition, the company has 19 luxury serviced apartments in Harrogate spread over three central locations.

Simon Bullock, a director at The Lawrance, said: “Our unique offering, which combines contemporary and centrally located fashionable apartments with exceptional customer service, has proved to be a huge success with business and leisure travellers alike.

“As a result our occupancy levels currently stand at more than 90 per cent and we’re regularly fully booked, which influenced our decision to grow the business further.

“45 Tanner Row is a stunning building that’s full of character in a key conservation area and is approximately 100 metres from our existing site, which made it the ideal property to expand into.

“All the apartments will be finished to a superb specification with full kitchens, chic dining areas and stylish lounges, as well as all the extras that discerning travellers expect such as free Wi-Fi, flat-screens and iPod docks. We’re really looking forward to launching it.”

Russell Burnett from LCF Barber Titleys added: “The Lawrance Luxury Apart-Hotel has built up a loyal customer base and created a great reputation for itself throughout York and Harrogate in a relatively short space of time.

“Having worked with the company on other transactions, we have a strong relationship with them and it’s been a pleasure to advise them on this key acquisition which will pave the way for their next phase of growth.”

LCF Barber Titleys is part of LCF Law which works with both businesses and private individuals.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →