A new 187-bedroom Indigo hotel with Marco Pierre White restaurant planned for Manchester's city centre is seeking investment.
Parent company InterContinental Hotels Group (IHG) aims to begin construction on the four star property in Manchester's Corporation Street, on a site at the back of the Urbis building and next to Victoria Station.
Hotel development company Sanguine Hospitality is working with investment fund management firm Tritax and Bespoke Capital Management LLP to secure investment, reported www.manchesterconfidential.co.uk.
According to Sanguine Hospitality's managing director Nick Taplin, the two brands are "perfect for a location of this prestige and will be an invaluable addition to the Manchester hotel market."
He added: "Outside of London, Manchester is the most buoyant hotel market in the UK, with both a strong business and leisure market. This will be a very successful hotel in a prime central location. Investment opportunities of this kind are few and far between in Manchester."
The triangular-shaped rooms will start at £90 a night and the hotel will also feature six premium suites on the top floor of the circular-shaped, 13-storey tower. The architect firm on the project is 3DReid.