Pandox, a hotel owner, agreed to acquire The Queens Hotel, a boutique hotel, for £53m. “We are pleased to acquire the iconic and market leading The Queens Hotel in central Leeds. The hotel is located next to the city’s largest square and the central station, attracting both leisure and business travellers. The hotel product is in very good condition after a newly completed renovation. The transaction is made at an attractive yield, and we see good potential to further increase the hotel’s return over time through active measures in operation, organisation and product offering," Liia Nõu, Pandox CEO.