Park Inn sold to investor for more than £20m

MANCHESTER’S Park Inn hotel has been sold to UK investor The Ability Group in a deal understood to be above £20m.

The Park Inn by Radisson is situated in a prominent, high profile location close to the Phones4U Arena and the £800m NOMA regeneration scheme.

It comprises 252 bedrooms plus restaurant, bar, conference rooms and leisure facilities and is let to Rezidor on a 20-year lease.

The Ability Group, which has established a significant presence in the UK and European property markets, acr... For the full story register now for free or login below...