A famous Liverpool hotel auctioned off for more than £12.5 million

Photo: .business-sale

The well-known 30 James Street hotel in Liverpool's city center is up for auction, with offers over £12.5 million being sought. Savills, the real estate agency, is auctioning the hotel, which was taken over by Legacy Hotels last year after it went into administration under former owner Signature Living.

The hotel is based in a structure constructed by well-known Victorian architect Norman Shaw and finished in 1896. It was most famously the headquarters of White Star Shipping Line, the firm that built the Titanic. As a result, the hotel has 63 nautical-themed rooms and the Carpathia Champagne Bar and Restaurant on the seventh story.

An outdoor patio, conference facilities, a grand hall, banqueting facilities, a spa with three treatment rooms, and an indoor swimming pool are other amenities. The hotel has a view of the Liverpool waterfront as well.

During the initial COVID-19 lockdown last year, the building received significant renovations, according to Savills, which stated that the improvements created "a standout, newly built hotel, allowing the business to recover strongly upon reopening." "..

"This sale offers a rare chance to acquire a prime city centre hotel and historic landmark in one of the UK's most popular destinations," said Savills Manchester Hotels Director Tom Cunningham.

"The building's history, the high quality of its amenities, and its unique position have all combined to produce a tremendous opportunity for potential investors, and we anticipate strong interest."

Examining recent administrations is one of the most acceptable ways to uncover homes below market value.

Publish : 2021-10-01 16:38:00

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