THE RADISSON BLU EDWARDIAN hotel in Manchester city centre will be extended into the vacant Theatre Royal building next door after owner the Edwardian London agreed a deal to buy the site from Benmore for an undisclosed sum.
With the old Free Trade Hall building and now the Theatre Royal, Edwardian London now possess two of Manchester's more distinguished examples of nineteenth century architecture.
Edwardian London was an eleventh hour rival to InterContinental Hotels Group which had been in talks for several years with Northern Ireland-based Benmore but failed to agree terms. The derelict site - most recently a nightclub - is reserved for a hotel in Manchester City Council's local plan.
The buyer said this morning: "Edwardian London will work with Manchester City Council and English Heritage in developing plans for the commercial use of the site which will include restoring elements of this potentially fine building and enhancing the experience for customers of Manchester's finest five-star hotel."
Edwardian London is a privately owned company controlled by Jasminder Singh. The net value of the group is £824m. The group spent £120m on new acquisitions in the past year and has a further £300m earmarked for 2013.
The group bought the Radisson Blu Edwardian Free Trade Hall Hotel in Manchester's Peter Street in autumn 2011 from administrators.
With the old Free Trade Hall building and now the Theatre Royal, Edwardian London now possess two of Manchester's more distinguished examples of nineteenth century architecture.
The move also increases the appeal of Peter Street with the opening of Revolucion de Cuba and work beginning on projects from Trof and All Star Bowling Lanes nearby.
This story first appeared on our associate site Place North West.
