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Case Study

Manchester: First Major Hotel Deal in 2013

Jones Lang LaSalle Hotels & Hospitality Group were appointed as advisors to offer for sale the Grade II listed 148 bedroom 4 Star Marriott Victoria & Albert Hotel in Manchester. The hotel was offered for sale with  the benefit of a lease contract, in one of the UK’s leading cities guaranteed by Marriott International Inc., in one of the UK’s leading cities.
 
In March 2013, Marriott Victoria & Albert Hotel, Manchester was sold to an undisclosed international buyer.
 
The sale represents Manchester’s first major hotel sale for 2013. The investment decision to purchase the freehold interest in the hotel, signals the return of investor interest returning to the UK regions to acquire quality assets in key regional cities.
 
Assignment: Sale of 4 star The Marriott, Victoria & Albert, Manchester
Total Keys: 148
Price: Confidential
Vendor: The Joint Administrators of Dania Properties Manchester Ltd. (in Administration)
Purchaser: Confidential

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