30 James Street has been saved from administration by Legacy Hotels, who will reopen under the hotel under its management next month.
The Liverpool hotel was run by Signature Living until it went into administration last month as the development group fell into financial trouble.
Signature Living put 30 James Street and The Shankly up for sale in May last year with an asking price of £57m.
Now it’s been revealed that Legacy Hotels will take over the 63-bedroom 30 James Street after being appointed by the receivers for the property and will invest a ‘significant amount of money’ on repairs and upgrades ahead of a late July reopening.
The hotel group already runs the Pullman Hotel on the city’s waterfront and is soon to open a new Novotel in Paddington Village.
The new operators say they are seeking to preserve as many of existing jobs as possible despite the challenging economic situation and confirmed that Signature Living will have no further links to the management of the hotel.
Alongside the 63 bedrooms, the White Star Line shipping company themed hotel comprises a rooftop bar, a restaurant and spa facilities.
It is one of a number of companies within the Signature Living group to fall into the hands of administrators.
Jim Gordon, managing director of Legacy Hotels and Resorts, said: “This is a new beginning for this historic and beautiful building.
“The hotel is a key asset for Liverpool’s visitor economy, and it is important that we reopen it as soon as possible as the city begins to open up again after the coronavirus pandemic.
“To that end there will be a significant amount of money invested on much needed repairs and upgrades as well as ensuring that it is thoroughly cleaned to provide assurance to staff and guests as we commence trading, post the Covid lockdown.”