• Home
  • About Me
  • Our Venues
    • Signature Living
    • 30 James Street
    • Shankly Hotel
    • Arthouse Hotel
    • The Exchange Hotel
    • Alma de Cuba
  • Future Projects
  • Social Responsibility
  • News
  • Contact

Lawrence Kenwright

Menu
  • Home
  • About Me
  • Our Venues
    • Signature Living
    • 30 James Street
    • Shankly Hotel
    • Arthouse Hotel
    • The Exchange Hotel
    • Alma de Cuba
  • Future Projects
  • Social Responsibility
  • News
  • Contact
Home  /  Featured • Homepage  /  Signature Living to Sell Flagship Shankly and 30 James Street Hotels
03 May 2019

Signature Living to Sell Flagship Shankly and 30 James Street Hotels

Written by Lawrence Kenwright
Featured, Homepage Leave a Comment

As you may have already read in the press today, I have taken the decision to sell two of our landmark hotels, 30 James Street and The Shankly Hotel.

I get up every morning to resurrect old buildings that don’t make economic sense. That’s what I do. The next conundrum after that is not only to resurrect them, you need to make sure they’re commercial.

We’ve done that with James Street. It was derelict for 20 plus years, nobody could make economic sense out of it, and we’ve done that. And we’ve made it into a tourist destination in its own right. It now pays rates, it’s now creating jobs.

So I think my job is done with that building. The Shankly Hotel is a bit different. The Shankly Hotel is a hotel that’s very close to me in a lot of ways

But we’ve now got something like eight hotels in total in Liverpool. And we have a certain pressure on us to fill those hotels. We run at around 96% (occupancy) now. It’s really important to us that we keep that level up.

It’s the right time to sell because it’s probably the highest turnover hotel in the city, next to maybe the Hilton in Liverpool One. I think we’ve done our job there…

Please read the full press release below:

The Signature Living Group announced today (Friday 03 May 2019) that the landmark 30 James Street and Shankly hotels in Liverpool are up for sale.

The announcement to sell the highly profitable hotels, which both include popular restaurants and conference facilities, follow Signature Living’s decision to expand into new locations and invest heavily in forthcoming hotel and residential developments including; Dixie Dean Hotel (Liverpool), Alma De Cuba expansion (Liverpool), Cavern Walks Hotel (Liverpool), Kingsway House (Liverpool), RainHill Hall (St Helens), George Best Hotel (Belfast), Waring Hotel (Belfast), Liverpool Road (Manchester), Victoria Mill (Manchester), Shankly Hotel (Preston) and the final phase of the Coal Exchange development (Cardiff).

The Signature Living Group will also be launching its first cruise ship enterprise in Spain. Signature Living opened the Titanic-themed 30 James Street hotel in 2014. The building is the former headquarters of the White Star Line.

30 James Street Hotel

The 63 bedroom hotel includes a spa, conference and events hall and is home to ‘Carpathia’ restaurant. Its occupancy rates are amongst the highest in Liverpool and average at 98%. The property is valued at £17 million pounds.

Signature Living announced last week (26 April 2019) that it had bought out all original investors in the hotel paying a total of over £7.9 million.

In 2015 Signature Living opened the Shankly Hotel in collaboration with the surviving family of the late football manager Bill Shankly. The 125-bedroom Victoria Street hotel has won multiple awards including Hotel of the Year at the Liverpool City Region Tourism Awards in 2016. The hotel includes ‘The Bastion’ restaurant and two major conference and event spaces. Memorabilia from Bill Shankly’s glorious reign as manager of Liverpool Football Club is featured throughout the hotel, with it split between standard Shankly rooms, to a mix flamboyance based on the Signature Living brand, which offers an alternative to a normal hotel stay. The Shankly is valued at £40 million pounds.

The Shankly Hotel will also be featured in a forthcoming BBC TV series.

Signature Living chairman Lawrence Kenwright said:

“Signature Living have developed and operated two of Liverpool’s most successful hotels ever with 30 James Street and Shankly. Their numerous awards and phenomenal occupancy rates are testament to that. Both hotels are now famous all over the world.

The Shankly Hotel, Liverpool

“The hotels are huge tourism beacons in their own right, turning over incredible profits and now valued incredibly highly. The profits from the sale of the hotels will allow us to fuel our major expansion plans as we aim to add another 10 hotels to our portfolio, along with increasing our workforce from 1400 employees to 3000 in the next 18 months.

“There is already huge international interest in purchasing the hotels from us. We are carefully considering options and over the last couple of days have discussed our decision with employees and other stakeholders.

“This is an exciting new era for Signature Living. We’re positively looking forward to the future – a future that involves new flagship hotels not only in Liverpool but all over the UK.”

Lawrence Kenwright
Connect on Facebook Connect on Google+ Connect on Linkedin

Lawrence Kenwright is a Hotel operator and developer based in Liverpool city centre. When not redeveloping old icon buildings he likes to spend time with his family

 Previous Article Signature Sessions | Bringing Something New to the Liverpool Music Scene
Next Article   What is Entrepeneurial Socialism and How Can it Save the UK?

Related Posts

  • Lawrence Kenwright talking about Liverpool Hospitality sector in response to the Budget

    Liverpool, politically needs to start again

    1st January 2022
  • Lawrence Kenwright outside the George Best Hotel

    Together Stronger: An update on the George Best Hotel

    12th July 2021
  • Lawrence Kenwright’s Signature Living recovery plan “within weeks”

    28th June 2021
Download our brochure

Contact Us

  • This field is for validation purposes and should be left unchanged.

Recent Posts

  • Liverpool, politically needs to start again
  • Together Stronger: An update on the George Best Hotel
  • Lawrence Kenwright’s Signature Living recovery plan “within weeks”
  • Navigating a business through Brexit, COVID and a hostile media
  • Changing the game with the North of England City Experience

Archives

  • January 2022
  • July 2021
  • June 2021
  • May 2021
  • March 2021
  • August 2020
  • July 2019
  • June 2019
  • May 2019
  • March 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • February 2016
  • January 2016
  • December 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • January 2015
  • December 2014
  • November 2014
  • September 2014
  • June 2014
  • April 2014
  • March 2014
  • January 2014
  • November 2013

Categories

  • 30 James Street
  • Development Projects
  • Featured
  • Homepage
  • In the News
  • Signature Living
  • The Shankly Hotel
© Copyright 2018. Lawrence Kenwright | Privacy Policy | Cookie Policy