The iconic North Western Hall in Liverpool is to be returned to a hotel with leisure specialists Jenics briefed to secure a new operator.
The imposing Grade II listed building, with direct access onto Liverpool Lime Street Station concourse, was formerly the North Western Hotel, one of the founding family of ‘grand railway hotels’, which also included The Midland in Manchester, St Pancras in London and The Balmoral in Edinburgh.
In recent years the Renaissance style building has served as student accommodation after being bought by John Moores University in 1993. [this correct?]
Now in the ownership of North West family developer The Marcus Worthington Group, it is anticipated the site will be returned to its former status as a landmark hotel by mid-2019.
Jeremy Collins, director of Jenics, said: “The hotel market in Liverpool has developed significantly over the last 3 years, largely due to both the growing popularity of the city’s tourist and leisure market and an improving commercial sector.
“The central location of the North Western Hall is close to Liverpool’s major attractions including Albert Dock, Liverpool One, the Tate Gallery, the Beatles Story, Echo Arena, the Cavern Quarter, Liverpool Cruise Terminal and the CBD.
“Having Liverpool Lime Street Station literally on the doorstep is another obvious benefit for an hotel operator, with annual passenger traffic of 20 million+.”
It is anticipated the North Western Hall will attract interest from budget and apart-hotel operators through to full service providers.
Jeremy added: “The plans for accommodation are suitable for all types of operators, with room numbers ranging from 180 for full service and up to 230 limited service budget providers.
“As a purpose built hotel, retuning this iconic site to an hotel operation is an efficient refurbishment exercise that adds to the cost effectiveness and speed of delivery of the site.
“With the property in excellent condition and a supportive city council behind the proposals we are expecting high levels of interest.”
For more information on North Western Hall, call Jeremy Collins on 0161 832 2201.
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Notes to editors:
Established in Manchester in 1998, Jenics is a niche urban leisure, retail and healthcare property consultancy that offers developers, landlords, occupiers and operators a personally tailored service that adds value at every stage of property acquisition or disposal.
Led by directors Jeremy Collins and Neil Bowler, Jenics’ advisory services cover land deal negotiation, planning and construction issues, deals involving development finance and operational and exit strategy for clients such as Travelodge, Motel One, Malmaison, Hilton, Sleeperz, Aviva, Queensberry Real Estate, CBREGi, Royal London, Staycity, Peveril Securities.
About Marcus Worthington Group:
The Marcus Worthington Group is a north west family construction and development company, established in 1975, with a current annual turnover of £55M and property/investment portfolio of £60M+. Companies under the Group structure include Marcus Worthington & Co (construction), Stonewell Property (development) and Hollinwood Home (residential). Landmark commercial developments completed over the last five years include:
- 125 Deansgate, Manchester (£75M – 112,000 sq ft Grade A office scheme).
- Travelodge – Manchester & Liverpool (£28M – 341 keys).
- Student schemes (c3000 student beds / £160M value).