Westmont Hospitality Group has instructed CBRE to sell the Marriott Victoria & Albert Hotel in Manchester for £26m.
The 150-bedroom hotel on Water Street, which has 17 years left on a franchise agreement with Marriott Hotels, has potential for the redevelopment of its conference and meeting facilities, as well as a leisure extension.
Westmount bought the hotel in 2013 from Zolfo Cooper, administrators to Dania Properties, and has given the hotel a £1.8m refurbishment.
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