Velvet, the boutique hotel in Manchester once owned by hospitality entrepreneur Mark Cain who died in January 2015, has now been sold.
While details of the incoming owners have not been revealed, the independent hotel, bar and restaurant has been run by Sue Cain, who has operated the establishment in the two years since Mark’s passing.
Mark Cain was believed to have been found hanged in 2015 at The Gardens Hotel in Manchester. He was named in the top 50 Northern Restaurant and Bar owners in 2014 and was widely credited as having helped earn the city’s gay village a reputation.
He first converted Velvet into a boutique hotel in 2010, when he was given the green light to convert the upper floors of the property.
He said at the time that the £3.5m project would inject an extra £500,000 into Manchester’s Gay Village’s economy.
Velvet Hotel is home to 19 bedrooms including three penthouse suites, all decorated with Venetian, Spanish, Moroccan and Oriental-inspired rooms and balconies overlooking the canal.
The bar and restaurant at the hotel is popular in the local vicinity, attracting both locals and visitors to the city.
Ryan Lynn, associate director at Christie & Co who handled the sale comments: “We were very happy to have the opportunity to work with Sue Cain and her dedicated team. Through our many contacts and the strength of the market we were able to generate strong levels of interest in the hotel and ended up with a deal to a local, multiple operator who we have worked with previously. We wish Sue the best of luck with her next venture and the buyer every success with the hotel.”