Signature Living has placed two prominent Liverpool city centre hotels on the market with a price tag totalling £57 million.
The developer and operator has confirmed it is to sell 30 James Street and The Shankly Hotel as it looks to invest further into its £150m hotel expansion plans.
The Shankly Hotel on Victoria Street is valued at £40m and 30 James Street, which was formerly home to the headquarters of Titanic builder and owner White Star Line, is valued at £17m.
Signature Living, founded by Lawrence and Katy Kenwright, plans to increase its number of staff from 1,400 to 3,000 over the next 18 months.
Expansion plans include 10 new hotels around the UK, including The Dixie Dean Hotel and the Cavern Walks Hotel in Liverpool and Loyolla Hall in St Helens here in the Liverpool City Region.
The firm’s decision to put the sites up for sale follows its recent announcement that it has bought out all of its overseas investors in 30 James Street from an initial five-year investment plan for £7.9m.
Lawrence Kenwright, chairman of Signature Living, says: “The sale of 30 James Street and The Shankly Hotel represent a significant milestone in the success of Signature Living for myself and Katie.”
He adds that it’s now time to focus attention on the “next exciting phase of Signature Living”.