Signature Living makes moves to invest £15m in latest hotel acquisition in Belfast

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Signature Living has snapped up its second purchase in Belfast, armed with big plans to invest £15m into transforming the building into a new boutique hotel.

The Liverpool-based developer has acquired the Scottish Mutual building in Belfast, sold by the Ballymena-based Hill family, which already comes with planning permission for use as a hotel.

It is the company’s second acquisition in recent weeks, following the purchase of Crumlin Road Courthouse in March.

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The move backs up the brand’s commitment to create five hotels in Belfast over the next two years, including a George Best themed hotel.

Once open, Signature Living will add the property to its portfolio of four hotels in Liverpool, including the much-acclaimed newest launch, The Shankly, themed around the footballer Bill Shankly.

Signature’s owner Lawrence Kenwright said: “The building is currently in a state of disrepair and we will be focusing on sympathetically restoring this stunning, Scottish baronial-style landmark building back to its former glory and architectural beauty.

“By committing £15m to the project, we see this as an investment in Belfast and Northern Ireland’s flourishing tourism industry.”

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