Trust backs £25m Blackpool hotel plan ahead of committee hearing

The Blackpool Civic Trust has given its backing to a £25m plan to save one of the town’s landmark buildings and convert it into an upmarket hotel. On Tuesday a meeting of Blackpool’s planning committee will consider the proposal for the former 111-year-old post office in Abingdon Street. The old sorting office, with a frontage on Edward Street, is also part of the scheme. In June the developer, Cheshire-based Ashall Projects, submitted a planning application to create a 148-room hotel which will employ around 70 staff. A further 215 people…

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Investors step in to take control of Elliot’s £70m Liverpool hotel

A consortium of investors has exchanged contracts on the stalled 306-bedroom hotel project on Norfolk Street.  Last year, receiver David Currie & Co was brought in to sell the 16-storey Baltic Triangle building on behalf of charge holder Virtuoso Investments, a company based in the Seychelles that had invested in the scheme.  In March, administrators HBG Insolvency were drafted in to speed up the sale process.  Now, a group of investors has taken control of the £70m project and intends to build it out.  “When my schemes were placed in administration I made a promise that I…

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Goldman Sachs to buy The Belfry

Goldman Sachs has become the preferred bidder to buy The Belfry, the world-famous Warwickshire hotel and golf course, for an expected price of around £140m. Goldman Sachs is to become the new owner of The Belfry, one of the world’s best-known golfing resorts. A property fund run by the Wall Street firm has beaten Pimco, one of the world’s largest bond fund managers, to become the preferred bidder for the Warwickshire hotel and golf courses, with a purchase price of about £140 million, according to Sky News. The sale will bring to…

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