The four-star Marriott Victoria & Albert hotel in Manchester is up for sale after its owner, Dania Properties Manchester, went into administration.
Property agent Jones Lang LaSalle Hotels is handling the sale of the Grade II-listed, 148-bedroom property.
George Nicholas, executive vice-president at Jones Lang LaSalle Hotels, said: "Due to the diverse and wide spectrum of business generators, Manchester is well poised to benefit from the economic recovery ahead of many other key regional cities. Due to the superior riverside location, we anticipate significant interest from hoteliers and property developers who will look to maximise the property's potential."
The hotel sits on Water Street in the heart of Manchester's central business district. Opposite, and currently up for sale, is the 19-acre old ITV Broadcasting headquarters, which has been the film set for famous programs such as Coronation Street and Countdown. The site is subject to a master plan that will see the area around the hotel being redeveloped to provide a new commercial and residential district with up to 130,000sq m of new accommodation.
By Neil Gerrard
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