Market Leads & Opportunities
Plans revealed for distinctive Manchester hotel
Plans for a distinctive hotel near Piccadilly Station in Manchester – which would comprise 275 bedrooms and could be operating as soon as 2021 – have been revealed.CAPITAL&CENTRIC has announced that Fattal Hotel Group is set to acquire a turnkey development on Adair Street, which marks its second deal in the city following its purchase of the Midland Hotel in October.The Leonardo has been designed to feature a striking design, with greenery adorning the exterior of the building. It would also include extensive public areas, with a restaurant and bar spilling out onto a new public square.The deal is part of CAPITAL&CENTRIC’s wider vision to transform the growth area around Piccadilly Station. The regeneration specialist is already on site at the nearby Crusader Mill, which is being restored into apartments reserved solely for owner occupiers.Earlier this year, Manchester City Council approved a Strategic Regeneration Framework (SRF) for the site, with the intention of transforming it into an urban quarter that would provide a mix of commercial and residential uses.The hotel would be part of the Fattal Group’s continued expansion in the UK, which is managed though Jurys Inn and Leonardo Hotels UK and Ireland.CBRE Hotels advised on the transaction for CAPITAL&CENTRIC.
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