Brum’s Cube hotel on the block for £12m

Watling Real Estate and Graham + Sibbald have been appointed to market landmark Birmingham hotel and rooftop restaurant The Cube, which collapsed into administration last month. Joint administrators Richard Easterby, Andrew Andronikou and Nick Simmonds of Quantuma Advisory were appointed on 12 July over MSHA Global Investments, trading as The Cube Hotel. MSHA bought the 52-bedroom hotel, formerly known as Hotel Indigo for £12.5m two years ago. The hotel and restaurant, situated on levels 7, 23, 24 and 25 of the iconic Ken Shuttleworth-designed Cube development, will remain open and fully trading while Watling Real Estate and Graham + Sibbald seek a buyer for the business and assets as a going concern.  Chris Davies, a director in the Birmingham office of Watling Real Estate, said: “This is a rare opportunity to acquire a prime city centre hotel and well established restaurant in a landmark building.” “The asset offers further branding opportunities and the potential to enhance trading significantly, capitalising on the panoramic views across Birmingham and the stunning outside terraces at level 25,” added Hugh Anderson, a partner in Graham + Sibbald’s hotel team. The agents are selling the long leasehold interest in the property.