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 >>
