Hotel Indigo Liverpool sold for more than £11m to MCAP Global Finance
Hotel Indigo in Liverpool has been sold for more than £11m to investment group MCAP Global Finance.
The company, which has offices in London, New York, London and Singapore, has purchased the property from investment management firm Downing as part of its plans to expand its UK hotel portfolio.
Located on Chapel Street, the 151-bedroom hotel opened in 2011 and is believed to have cost £15m to develop. The seven-storey property is home to Marco Pierre White's Steakhouse Bar & Grill, which seats up to 120 diners. It also features a fitness room, front and rear terraces and the Cotton lounge & bar.
Newly formed hotel management company Valor Hospitality has taken over the operation of the hotel.
The acquisition of the hotel follows MCAP's 2014 acquisition of the QMH Group. More recently it purchased the Mint Hotels portfolio from an affiliate of Blackstone and the Doubletree Chester from a private seller. MCAP Global Finance is a UK subsidiary of New York investment advisor Marathon Asset Management.
Property adviser Christie + Co, who handled the sale, confirmed the hotel was purchased by MCAP for a "substantial offer in excess of the £11m asking price."
Jeremy Jones, head of hotels brokerage at Christie + Co, said: "Liverpool attracts millions of visitors a year for both business and leisure. The Hotel Indigo encapsulates the style and buzz of the unique city.
"We saw exceptional levels of interest in the hotel from local and international investors, all attracted to this stylish lifestyle-focused hotel."
Fergus O'Sullivan, investment manager at Downing, added: "Hotel Indigo Liverpool is an excellent hotel led by a high quality local management team and we wish the buyer all the best for the future."
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