‘Major’ new FOUR STAR waterfront hotel announced for Liverpool City Region
Ireland’s largest hotel group, Dalata Hotel Group Plc has announced it has taken a long lease of the hotel element of the £170m Park Lane scheme on Liverpool’s southern waterfront.
A 260-bedroom, four-star hotel will operate under the Irish group’s Maldron brand and will be the operator’s debut in the “booming” Liverpool hotel market.
According to the group, the deal was “contingent” on a new planning approval that sought permission to convert one of four new-build residential blocks to a hotel, with the building’s height reduced from twelve storeys to nine.
That permission was granted on 10 December, and the scheme is being developed by Valorem Investment Partners and its joint venture partner, Liverpool developer Elliot Group. Dermot Crowley, deputy chief executive of Dalata Hotel Group, said:
“I am delighted that we are today announcing another new project in the UK, the Maldron Hotel Liverpool. Liverpool has been a key target city for Dalata due to the strong mix of corporate and leisure business.”
Developer Elliot Lawless added: “I’m pleased that we can bring such a high quality operator to the city. Since acquiring the Park Lane site in June we’ve moved quickly to drive the project forward and credit is due to all parties for concluding the deal in a tight timescale.”
Anthony Maxwell-Jones of Valorem Investment Partners said: “The signing of the Maldron Hotel at Park Lane will act as a catalyst for the development. We’re now aiming for a New Year start to ensure we maintain our momentum across the site.”
Elliot Group and Valorem said they are now in discussions with funders for the scheme’s three new-build residential blocks, which include a 16-storey tower on the corner of Park Lane. The refurbishment of the listed Heap’s Rice Mill is separate from these discussions, and Elliot said full works are expected to start on the historic building in 2020.
Hill Dickinson in Liverpool advised Elliot and Valorem on the deal, while Squire Patton Boggs acted for Dalata.
The overall masterplan for Park Lane has been designed by Falconer Chester Hall. Zerum acted as planning consultants.
Read more about Liverpool City Region’s Park Lane Development HERE.