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... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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