Manchester's Lowry Hotel back on the market


Westmont Hospitality Group has reportedly put its Lowry Hotel in Mancheser, UK, on the market two years after it acquired the 165-room hotel.

The hotel, which is part of Leading Hotels of the World, was acquired by Westmount in September of 2014, having been sold for £40 million by Rocco Forte Hotels. The price tag was £10 million less than the hotel was put on the market for back in 2007.  

Rocco Forte Hotels took the hotel off the market in July 2013, and placed it back up for sale again in 2014 with the reduced price tag.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

At the time, Sir Rocco Forte told the Manchester Evening News: “I am very proud that we created the Lowry as a first-class hotel in 2001 with an outstanding team and, in the process, played a role in the renaissance which Manchester has enjoyed in recent years. I wish the team at the Lowry, its customer, and its new owners the very best for the future.”

The hotel, which opened in 2001, is being marketed by CBRE.

While London is the center of the UK hospitality industry, Manchester is a bright spot, too. In 2015, InterContinental Hotels Group announced the signing of the two hotels: a 210-room Crowne Plaza hotel and a 116-room Staybridge Suites property, which will open as part of The University of Manchester‘s £1-billion campus development.

Citing a PwC report, the Manchester Evening News predicted that Manchester will soon have some 15,000 hotel rooms, 1,400 of which will be new.

“2014 was a very good year for Greater Manchester’s hotel industry, with occupancy levels outstripping previous records," Nick Brooks-Sykes, director of tourism at Marketing Manchester, said. “There are a number of new hotel operators preparing to enter the market in 2015 and notably many of the city’s existing hotels are currently upgrading their facilities. This investment is very well-timed as the tourism calendar is packed with new developments and drivers.”

Suggested Articles

New research suggests 64 percent of hospitality professionals believe the risk of a data breach increases when employees work off site.

Three hotels that previously were branded under the Cotelier Hotels brand will be converted to the Life House brand. 

After two weeks of occupancy surpassing the halfway point, the numbers dropped for the week of Oct. 18–24.