The Roomzzz Aparthotel in Manchester city centre has been put up for sale with a guide price of £12m.
Roomzzz Manchester City
Knight Frank has been appointed as sole agent to market the four-star aparthotel on Princess Street.
The asset comprises 59 apartments supported by a range of shared amenities including a lobby and self-service laundry facilities.
The aparthotel currently operates under the Roomzzz brand; however, the freehold interest will be offered free of brand and management.
Knight Frank said the property had demonstrated consistently “strong and profitable trading” with further potential to increase the number of units, subject to the necessary consents.
“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,” said Ryan Lynn, partner at Knight Frank.
“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.”
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