Note: This story has been updated with a comment about why the owners are selling the property
The Baltic Hotel in Liverpool has been brought to market at a guide price of £10.5 million after less than two years of trading.
The hotel commenced trading in July of last year and selling agent Knight Frank describes it as ‘an established and highly profitable business with strong trading revenue year-round since opening.’
We are told the current owners are selling up because they are consolidating their finances, with a new residential development imminent.
Found on the corner of Jamaica Street, within the city’s trendy Baltic Triangle, the Baltic Hotel comprises a total of 52 bedrooms set over six floors and boasts an ‘urban chic meets punk’ design.
A new train station and a new BOXPARK are both due to open in the area in the coming months.
Knight Frank says the property has potential to add a roof terrace and bar in addition to its existing indoor and outdoor pub areas, restaurant and warehouse-style event space suitable for weddings and corporate events.
Ryan Lynn, Partner in the Knight Frank Hotels team, commented: “Knight Frank are delighted to be instructed to find a buyer for such an impressive property located in Liverpool’s flourishing Baltic Triangle district.”
“Since opening just last year, the business is showing impressive trading performance which we fully expect to improve as the area continues to thrive. The new owners will also benefit from the opportunity to expand the business with additional bedrooms to be added and the potential to add new revenue streams such as a trendy new roof terrace and bar that would be a perfect fit for the area.
“We expect to receive a large volume of enquiries for the Baltic Hotel, with its urban design likely to entice guests from far and wide to enjoy a stay in this fabulous city for years to come.”
