Trinity North has acquired the Great John Street Hotel in Manchester from MCL GJS Propco for an undisclosed price.
Trinity North will accelerate renovation work at the landmark Grade II listed site and will look to attract a luxury lifestyle hotel operator for the property. Built in 1912, the former school sits within the Castlefield Conservation Area and extends to 30,537 sq ft.
Trinity North is backed by Manchester-born Patrick Waldron, managing director of North West construction group Westshield, and a collaborating director is Kay Tierney, who has more than 20 years of hotel experience.
Patrick Waldron, managing director of Trinity North, said: “We are delighted to have acquired Great John Street Hotel and we are looking forward to delivering something truly special. We are immediately focused on driving the next phase forward and engaging leading hotel operators who have a distinctive concept and bold vision for the property in 2027.
“It is a beautiful and distinctive site in the heart of the city and it’s the perfect time to bring this Manchester icon back to life. All the previous owners have been great custodians of this historic site and we want to build on what makes it special and deliver a hospitality experience that stands alongside the best in the world.
“We are already opening conversations with operators who share that ambition to bring something bold and exceptional to our city. We know it is a high-profile platform for a hotel brand that can compete on the international stage and significantly strengthen Manchester’s hospitality offer. We’ll be sharing more exciting news about the hotel in the coming months.”
Ritchie Watson, corporate sales director at Together, which provided funding for the deal, added: “Trinity North has secured one of the many jewels in Manchester’s crown and we are delighted to have supported the acquisition of this landmark hotel in Manchester. It’s an exciting opportunity for a new highly experienced operational team to deliver one of the region’s most sought-after hospitality offerings. As a lender with deep roots in the North West, we’re beyond proud to support investment that contributes to Manchester’s continued regeneration and growth.
“The city has a fantastic track record of reinventing and repurposing its property, and landmark buildings like this have an important role to play in its next chapter. By continuing to back experienced businesses with funding to invest in these assets, together, we can help unlock potential and support the continued development of Manchester as a place to live, work and visit.”
Jenics also advised on the deal.
