BUYER SWOOPS FOR BEATLES-THEMED HOTEL
An international hotel group is set to buy Liverpool's 110-room Hard Days Night Hotel after agreeing to pay almost £3m more than the asking price.
Millennium & Copthorne Hotels has agreed to purchase a long leasehold interest in the Hard Days Night Hotel for £13.8m in cash subject to standard purchase price adjustments. More than 113 years remain on the lease with Liverpool City Council.
The landmark property is located inside the grade II-listed Central Buildings on the corner of Mathew Street and North John Street. Named after the Beatles' film, album and song of the same name, the Hard Days Night Hotel opened its doors in 2008 during Liverpool's year as European Capital of Culture.
In addition to 110 luxury rooms, including the famed McCartney and Lennon suites, the hotel has numerous bars and restaurants. The four-star hotel features exclusive Beatles artwork throughout including along the grand central staircase from the basement to the roof.
The hotel was put on the market in March with CBRE indicating that it was seeking bids of more than £11m on behalf of its private owner Concord Estates.
By: Richard Frost
Source: Insider Media
