Beatles-themed hotel sold to international chain for £13.8m

Beatles-themed boutique, Hard Days Night Hotel has been sold to an international hotel chain for £13.8m, nearly £3m more than the original asking price.

The hotel, which was put on the market in March by owner Tony Criss, has been acquired by the group, Millennium & Copthorne Hotels, which has agreed to take a long leasehold interest on the property for £13.8m in cash.

Criss first developed the world’s only Beatles-inspired hotel in 2006, developing the historic building on Mathew Street into a 110-bed boutique themed about the ‘fab four’. It opened its doors to guests in 2008, Liverpool’s year as the Capital of Culture.

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In a statement to the London Stock Exchange, Millennium & Copthorne said legal completion of the deal was expected by August 19.

Property entrepreneur Mr Criss told the Liverpool Echo: “There were about 10 bidders. That’s a fair number of bidders.

“It recognises the quality of the hotel. It’s unique. You don’t find one like it in every other city in England.”

Millennium & Copthorne chairman Kwek Leng Beng said: “This unique acquisition, which will be supported by M&C’s existing management infrastructure, further expands the group’s hotel portfolio to one of the leading leisure and business destinations in the UK.

“The city is undergoing an economic regeneration and we are proud to be a part of that.”

The hotel’s lease has more than 113 years left to run. The building was marketed by commercial property agents CBRE.



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