Well-established Velvet Hotel in Manchester City Centre sold
Velvet, located on the vibrant Canal Street in the heart of Manchester city centre, has been sold through specialist business property adviser, Christie & Co.
Velvet is an independent boutique hotel, bar and restaurant situated just a 5-minute walk from Piccadilly Train Station and a 10-minute walk from the diverse Northern Quarter.
Set amidst a hub of activity, Velvet is a prime catch for canal-side dining, drinking and accommodation in the form of 19 individually and stunningly designed bedrooms. The four-star rated rooms include three Penthouse Suites with balconies overlooking the legendary Canal.
The high end feel continues through to the bar and restaurant areas with an inclusive, relaxed ambience owing to its huge success. Attracting a mixed clientele of locals and visitors to the city, there is a unique and inviting atmosphere with al fresco, canal-side dining available and an unusual glass fish tank incorporated into the entrance stairs to the stylish cocktail bar.
Ryan Lynn, Associate Director at Christie & Co who handled the sale comments, “Through our many contacts and the strength of the market we were able to generate strong levels of interest in the hotel and ended up with a deal to a local, multiple operator who we have worked with previously. We wish the buyer every success with the hotel.”
