Restaurateurs to launch £8m boutique hotel in Manchester
The owners of Manchester's Yang Sing restaurant have unveiled plans to open an £8.2m boutique hotel in the city next March.
The 48-bedroom Yang Sing Oriental Hotel will be on the corner of Princess and Portland Streets, adjoining the eight-floor Yang Sing Cantonese restaurant.
The property will be a conversion of a former cotton warehouse and bank.
Funding is being provided by Yang Sing restaurant owners and brothers Gerry and Harry Yeung as well as private investors and Natwest Commercial Banking.
Gerry Yeung said: "We've been dispensing hospitality to Mancunians and visitors from around the world for over 30 years now and the Yang Sing Oriental will be a natural extension of that operation."
The Yeungs have been advised by McInnes Corporate Finance.
By Chris Druce
E-mail your comments to Chris Druce](mailto:chris.druce@rbi.co.uk?subject=Yang Sing hotel) here.
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