Fri, 03 May 2019 | BUSINESS SALE
The Signature Living Group has announced that it will put its two biggest assets up for sale: 30 James Street and Shankly Hotel.
The sale of the properties, both located in Liverpool follows the group's decision to expand into different locations and set aside significant investment in a number of new hotel and residential developments.
New properties for the Signature Living Group have included Dixie Dean Hotel in Liverpool, George Best Hotel in Belfast, RainHill Hall in St Helens and Victoria Mill in Manchester. The group is also planning to launch its first cruise ship enterprise in Spain.
The Titanic-themed 30 James Street, valued at £17 million, was first opened by the Signature Living Group in 2014, and is the former headquarters of the White Star Line, which owned the Titanic. The hotel offers 63 bedrooms, a spa, a conference and events hall and a restaurant. Occupancy rates are some of the highest in the city, averaging 98 per cent.
The Shankly Hotel was opened with the family of late football manager Bill Shankly and has won multiple awards including Hotel of the Year in 2016. The hotel is valued at £40 million and offers a popular restaurant and two major conference and event halls.
Commenting on the sales, Signature Living chairman Lawrence Kenwright said: "The profits from the sale of the hotels will allow us to fuel our major expansion plans as we aim to add another 10 hotels to our portfolio, along with increasing our workforce from 1,400 employees to 3,000 in the next 18 months."
He added: "There is already huge international interest in purchasing the hotels from us. We are carefully considering options and over the last couple of days have discussed our decision with employees and other stakeholders."
Opportunity to acquire a 105 guests, and further letting rooms hotel. The business is situated in a populated central London location.
LEASEHOLD
This is a fantastic and unique opportunity to purchase a popular bus tour business offering bespoke dining experiences across Glasgow and Edinburgh since 2015.
FREEHOLD
5-Star Luxury Hotel resort with 1.14 acres of land located in Scottish highlands surrounded by outstanding scenery.
FREEHOLD
19
|
Apr
|
Building services consultancy moves to employee ownership | MBO/MBI
A building services consultancy in the North East has moved ...
19
|
Apr
|
US firm acquires Somerset employee management provider | BUSINESS SALE
An employee management services firm based in Somerset has b...
18
|
Apr
|
Education specialist makes second LDC-backed acquisition | BUSINESS SALE
Hybrid, an education media and marketing services firm, has ...
21
|
Apr
|
Liverpool’s Shankly Hotel goes into administration | ADMINISTRATION
Liverpool’s well-known Shankly Hotel, run by Lawrence ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.