Signature Living

Forward buying, or investing in hotel rooms with a view to reaping the revenue, sounds enticing, but the high-profile collapse of companies including Northern Powerhouse Developments reveals that it is fraught with complex issues.

Investors in Cardiff’s former Signature Living Exchange hotel are hoping to reopen the property in the next month or two and save as many jobs as possible.

Further Signature Living companies have fallen into administration, including its George Best hotel in Belfast, which was due to open this summer.

Administrators of Signature Living’s Shankly hotel in Liverpool have confirmed that part of their role will be to investigate how investors' money has been spent by the company.