The Roomzzz Aparthotel in Manchester has been put up for sale with a guide price of £12m.
Located on Princess Street, in the heart of the city centre, the four-star property is set within an attractive period building and comprises 59 guest apartments, supported by a range of shared amenities including a reception and lobby, daily housekeeping, self-service laundry facilities and secure access systems.
The aparthotel comprises studios, as well as one- and two-bedroom units, and is designed to cater to both short and extended stays.
The site currently operates under the Roomzzz brand, however, the freehold interest will be offered free of brand and management.
Ryan Lynn, partner at Knight Frank, which has been appointed to market the opportunity, said: “The combination of a prime city centre location, an attractive period building and well-specified apartments ensures the property appeals to a broad range of occupiers, including business travellers, relocating professionals, weekend visitors and international tourists.
“As such, Roomzzz Manchester City represents a resilient and well-established hospitality asset within one of the UK’s strongest regional hotel markets. The opportunity to acquire the asset unencumbered by brand or management, alongside its clear expansion potential, offers an incoming owner a compelling platform for future value creation. We look forward to securing a successful outcome for our client.”
