close

Liverpool boutique to close permanently amid ‘financial uncertainty’ after Covid-19

66076600

Liverpool boutique hotel 62 Castle Street is to close permanently next month as the full financial impact of the coronavirus pandemic takes its toll.

The 20-bedroom hotel is part of the Centre Island group, which includes the Crowne Plaza, Holiday Inn and Holiday Inn Express in the city and will close on July 1 following a review.

In a statement sent to the Liverpool Echo, a Centre Island spokesperson said that 62 Castle Street would ‘struggle to recover quickly’ and this combined with ‘high rents, financial uncertainty and increased competition’ led the team to make the decision to close for good.

Story continues below
Advertisement

The full statement sent to the Liverpool Echo said: A spokesperson for the company said: “With the onset of the Covid 19 virus in early March 2020 and the subsequent Government enforced closure of all UK Hotels, the Board of Directors of Best Issue Ltd have carried out a strategic overview of all parts of their business.

“Looking to the future, the Hospitality industry will undoubtedly recover in the medium to long term but in the short term there will be tough and challenging times ahead for all segments of the industry.

“As with many small independent business, 62 Castle St hotel will struggle to recover as quickly as some of the other larger internationally branded hotels in Liverpool city centre.

“This combined with high rents, financial uncertainty and increased competition in the Liverpool hotel market have led the Board to make this very difficult decision.

“62 Castle St will not be re-opening once the Government restrictions are lifted.

“We would like to thank the fantastic hotel team and the loyal guests of the hotel for their words of support and for their efforts in establishing 62 Castle St as one of the cities most loved and respected hotels.”

The Grade-II listed building started life as the Alliance Bank in 1868 before it was converted into a restaurant, bar and hotel.

Tags : businesscoronavirusfinancehotelsliverpool
Zoe Monk

The author Zoe Monk

Leave a Response