The Ramada hotel at the Mailbox has gone on the market a matter of weeks before the is complete.
JLL and Savills have been jointly appointed to sell the Ramada Mailbox in a deal which could see the hotel rebranded.
The hotel has 90 rooms as well as a bar, restaurant, conferencing and business facilities.
The sale comes ahead of a major relaunch of the Mailbox following a which has included and expanding the Harvey Nichols anchor store.
The hotel is being sold alongside the 142-bedroom Ramada Salford Quays on behalf of current owner Shiva.
Will Duffey, senior vice president in JLL’s hotels and hospitality team, said the sale offered “attractive repositioning opportunities” which could include rebranding to an international four-star brand like Starwood’s Four Points by Sheraton or DoubleTree by Hilton.
He said: “Both the Greater Manchester and Birmingham hotel markets are performing exceptionally well and are consistently posting strong levels of room rate and occupancy growth. The location of these hotel assets, both with existing market share and exciting prospects for growth will appeal to investors.”
Both hotels are currently operated by Shiva under flexible franchise agreements from Wyndham.
Rob Stapleton, director of Savills’ hotel investment team, said: “This is an exceptional opportunity for an investor to benefit from not only growth in the underlying fundamentals of the 海角视频 market but to also to take advantage of operational improvements by partnering a highly regarded international brand.”