Manchester's Townhouse Hotel changes hands for £12.5 million

30 August 2017

Fragrance Group Limited, represented by international real estate advisor Savills, has acquired Townhouse Hotel in Manchester from Harcourt Developments for £12.5 million.

The Grade II listed property dates back to 1870 and was formerly a cotton warehouse before opening as an 85-bedroom hotel in 1982.  An extensive refurbishment programme in 2010 created the current 4-star boutique hotel offer, with a brasserie, bar and self-contained business centre.  Townhouse Hotel is located on Portland Street in Manchester city centre, close to Manchester Piccadilly station, Palace Theatre and Manchester Art Gallery.

Martin Rogers, head of UK hotel transactions at Savills, comments: “We are very pleased to have acquired this well-established hotel on behalf of our client.  The hotel investment market in the North is performing strongly with transactions totalling £304 million in the first half of this year alone.”

Under its new ownership, the property will be managed by Bespoke Hotels.  Harcourt Developments was represented by Lambert Smith Hampton.

 
 

Key Contacts

Martin Rogers

Martin Rogers

Head of
UK Hotel Transactions

Savills Exeter

+44 (0) 20 7409 8039

 

Ashley McKeown

Ashley McKeown

Associate
Press Office

Savills Margaret Street

+44 (0) 20 7409 8884