Signature Living to sell two Liverpool hotels with price tag of £51m

10 September 2019 by
Signature Living to sell two Liverpool hotels with price tag of £51m

Signature Living has officially put two hotels in Liverpool on the market at a lower price than previously announced.

The 59-bedroom Shankly hotel (pictured) and the 63-bedroom 30 James Street hotel are seeking offers over £35m and £16m respectively.

Signature Living announced in May that it intended to sell the hotels with a price tag of £40m and £17m respectively. The company intends to use the proceeds from the sale to step up its expansion plans for a further 10 hotels.

Savills has been appointed to market the two hotels. The Shankly is named after legendary Liverpool FC manager Bill Shankly and features the Bastion bar and restaurant, two event suites and two roof terraces, while 30 James Street comprises nautical-themed bedrooms inspired by the building's earlier occupier, White Star Line.

Lawrence Kenwright, founder of Signature Living, said the hotels are "huge tourism beacons in their own right, turning over incredible profits".

Tom Cunningham, director at Savills Manchester, added: "The Shankly and 30 James Street hotels present investors with two rare opportunities to acquire iconic, characterful hotels in the centre of Liverpool. With the city continuing to enjoy strong tourism growth, we're expecting significant interest in these two sites."

In its latest financial results for the year to 31 March 2018, Signature Living reported a turnover of £20.7m and a pre-tax profit of £1.1m. The company's portfolio includes the Arthouse and Signature hotels, also in Liverpool, and the Exchange hotel in Cardiff. A further six hotels are set to open by the end of the year, including Loyola Hall (St Helens), the Dixie Dean hotel (Liverpool), the Shankly hotel (Preston), Cavern Walks hotel (Liverpool), and the Wareing hotel (Belfast).

Signature Living reports £20m turnover >>

Signature Living to sell 30 James Street and the Shankly hotel for £57m >>

Signature Living to launch ‘floating party hotel' >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking