Watling Real Estate and Graham + Sibbald have been appointed to market a landmark Birmingham hotel and roof top restaurant, which entered administration in July.
Joint administrators Richard Easterby, Andrew Andronikou and Nick Simmonds of Quantuma Advisory Ltd were appointed on 12 July over MSHA Global Investments Ltd, trading as The Cube Hotel.
The hotel and restaurant, situated on levels 7, 23, 24 and 25 of the iconic Cube development, remain open and fully trading while specialist advisors from Watling Real Estate and Graham + Sibbald seek a purchaser for the business and assets as a going concern.
Chris Davies, a director in the Birmingham office of Watling Real Estate, said: “This is a rare opportunity to acquire a prime city centre hotel and well established restaurant in a landmark building.”
Hugh Anderson, a partner within Graham + Sibbald’s Hotel team commented “the asset offers further branding opportunities and the potential to significantly enhance trading, capitalising on the panoramic views across Birmingham and the stunning outside terraces at level 25”.
The opportunity comprises a 52 bedroom hotel with extensive city views, a 180 cover Marco Pierre White branded restaurant, a roof top bar along with private dining and function rooms
The agents are selling the long leasehold interest with offers in the region of £12 million for this multi-faceted, trading business with extensive facilities.
For further information, please contact:
Chris Davies, Director, Watling Real Estate, 75-77 Colmore Row, Birmingham B3 2AP/ chris.davies@watling.com
Hugh Anderson, Partner, Graham + Sibbald 07970 690 344/ hugh.anderson@g-s.co.uk
Watling Real Estate – Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise. It has a team of 18 professionals offering a multi-disciplinary real estate advisory business.
Graham + Sibbald – Graham + Sibbald (G+S) is one of the UK’s leading property consultancy services, with an established network of 21 offices, offering 20 individual Service Lines, supported by over 250 staff and 30 Partners. With an established nationwide team of hotel and leisure sector specialists G+S have considerable experience in selling, acquiring, valuing and advising on all manner of hotel assets across the United Kingdom.
