The Shankly Hotel in Liverpool, part of the Signature Living Group, has entered administration but is vowing that it will be ‘business as usual’ when the hotel is allowed to open again.
Administrators Duff & Phelps were appointed to Signature Shankly, the leaseholders of the building in which the hotel trades, on 9 April 2020. The joint administrators are now working with the management company to understand the ‘future trading outlook’ for The Shankly.
The Shankly Hotel is the ‘spiritual home’ of Liverpool football manager Bill Shankly and opened in 2016. It was founded by Lawrence and Katie Kenwright who in May last year, put the hotel up for sale with an asking price of £40m, alongside another of its properties, 30 James Street.
The 125-bedroom hotel comprises the Bastion restaurant, two indoor conference spaces, plus an open air rooftop event space.
Administrators, Matthew Ingram and Michael Lennon said that the hotel is expected to reopen ‘as usual’ once the Covid-19 lockdown restrictions are lifted.
Lennon said: “The hospitality industry as a whole has seen increased pressures in recent years and has now been instantly hit incredibly hard by the Covid-19 pandemic.
“As a result, the Shankly is temporarily closed. Management’s expectation is that once the lockdown is lifted trading will continue as normal.”
The wider Signature Living Group remains unaffected.