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Manchester-based boutique properties Velvet Hotel, Bar and Brasserie on Canal Street and Forty Seven Hotel on Peter Street have been brought to market with an asking price of £9m each.
Established in 2009, Velvet Hotel underwent an extension and refurbishment programme in 2022. It now comprises 36 en suite guest bedrooms alongside an established bar operation. The restaurant space is currently unoperated, though the agent reported lease interest from local independent businesses.
Located in a Grade II-listed building, Forty Seven Hotel opened in 2023 after a major redevelopment. The property features 32 guest bedrooms and suites, alongside the leased Tyga Bar and Restaurant which provides rental income.
Tom O’Malley, director of hotels at Christie and Co, who is handling the sales, said: “The opportunity to acquire established hotels of this quality in Manchester city centre is exceptionally rare. Both Velvet Hotel and Forty Seven Hotel are highly distinctive assets operating in prime locations and we expect them to appeal to a broad range of investors, operators and hospitality groups seeking exposure to one of the UK’s most dynamic hotel markets.
“Manchester continues to attract significant levels of business and leisure demand, supported by major investment, regeneration and year-round events. These properties offer buyers the chance to acquire two recognised hospitality businesses with strong trading fundamentals and considerable future potential.”
Manchester-based boutique properties Velvet Hotel, Bar and Brasserie on Canal Street and Forty Seven Hotel on Peter Street have been brought to market with an asking price of £9m each.
Established in 2009, Velvet Hotel underwent an extension and refurbishment programme in 2022. It now comprises 36 en suite guest bedrooms alongside an established bar operation. The restaurant space is currently unoperated, though the agent reported lease interest from local independent businesses.
Located in a Grade II-listed building, Forty Seven Hotel opened in 2023 after a major redevelopment. The property features 32 guest bedrooms and suites, alongside the leased Tyga Bar and Restaurant which provides rental income.
Tom O’Malley, director of hotels at Christie and Co, who is handling the sales, said: “The opportunity to acquire established hotels of this quality in Manchester city centre is exceptionally rare. Both Velvet Hotel and Forty Seven Hotel are highly distinctive assets operating in prime locations and we expect them to appeal to a broad range of investors, operators and hospitality groups seeking exposure to one of the UK’s most dynamic hotel markets.
“Manchester continues to attract significant levels of business and leisure demand, supported by major investment, regeneration and year-round events. These properties offer buyers the chance to acquire two recognised hospitality businesses with strong trading fundamentals and considerable future potential.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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