CBRE has been appointed to sell Liverpool’s Shankly Hotel on behalf of administrators at Kroll, after the Signature Living property collapsed into administration last year.
Before the seven-storey hotel went into administration, it was marketed with a price tag of around £35m via Savills in 2019.
The 125-bedroom venue is located on an island site fronting Victoria Street, Whitechapel and Crosshall. It has 57 hotel bedrooms and 68 apartment-style bedrooms with kitchen facilities, with capacity for around 662 overnight guests in total.
The venue also includes a 111-space underground car park, a bar and restaurant, and a gym leased to Liverpool City Council under its Lifestyles brand. It is being marketed with scope to convert its two penthouse apartments into bedrooms and build a rooftop pool.
Shaun Skidmore, senior director for operational real estate at CBRE Manchester, said: “Liverpool is the sixth most visited city in the UK with a strong performing hotel market, which benefits from a good mix of commercial and leisure demand. There is pent-up demand for this kind of hotel which can accommodate groups of people keen to unite when restrictions allow.
“While post-Covid domestic holidays continue to appeal to travellers, we expect the UK outlook in 2021 to remain strong with CBRE expecting the hotel sector to fully recover by 2024.”
Michael Lennon, joint administrator at Kroll, said: “During the past 12 months, trading under the various pandemic restrictions has been strong, with a high number of bookings and demand for tickets to events the hotel has been able to host, in excess of the numbers allowed under the Covid reduced capacity.
“Everyone is confident that the hotel will return to pre-Covid levels of trade once the restrictions are lifted.”
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