Graham + Sibbald, Chartered Surveyors and Property Consultants and joint Agents Knight Frank are delighted to bring to the market two recently developed high quality Luxury Boutique Hotels located in Manchester city centre. Acting on behalf of KRO Hospitality the freehold hotel assets are Forty-Seven Hotel, Peter Street and Velvet Hotel, Bar and Restaurant Street, Canal Street.
Forty-Seven Hotel is a recently converted Grade II listed property, which opened in August 2023, operating with 32 Boutique bedrooms hotel, including Cosy Kings, Accessible Rooms, Signature Suites and Duplex Suites. Finished with a bold interior design scheme, the hotel operates at a Luxury Boutique standard. Prominently located within the established Peter Street leisure area, the business includes the renowned Peterman Bar and Asha’s Restaurant, offering Indian cuisine, having been developed in conjunction with Bollywood star Asha Bhosle.
Velvet Hotel, Bar and Brasserie, also operates as an established high-quality 36-bedroom Boutique hotel, together with a brasserie style restaurant and Velvet Bar, first established in 2009. The hotel was extended in 2023 and fully refurbished to Luxury Boutique standard, with the bedrooms having a high-end design lead specification. The effectively self-contained bar and restaurant are long established venues within the busy Canal Street and the Village, and five minutes walk from Picadilly Station.
Hugh Anderson, a Hotel + Leisure Partner with Graham + Sibbald, commented “The hotels offer a rare opportunity to acquire two design led assets in excellent order and strong trading locations, with the potential for a buyer to take advantage of the operational synergies of a single ownership/management platform”
The freehold properties are available together, or on an individual basis, by way of an asset sale and on a going concern basis.
For more information on these fantastic properties and business opportunities please contact: –
Hugh Anderson, hugh.anderson@g-s.co.uk
Martin Davis, martin.davis@g-s.co.uk
Or Joint Agent
Ryan Lynn, ryan.lynn@knightfrank.com
