Metro Inns picks up Liverpool Hotel

BUDGET hotels operator Metro Inns is to move into the Liverpool after acquiring the Lord Nelson Hotel in Liverpool from administrators.

Metro Inns was set up in 2006 to buy five Formule 1 budget hotel properties at Falkirk, Doncaster, Teesside, Peterborough and Newcastle-upon-Tyne from European hotels operator Accor.

It is owned by its four-man management team of Kevin Coleman, Paul Newman, Jonathan Glanz and Lawrence Alkin.

The Lord Nelson hotel’s previous owners had appointed Russell Cash and Lindsey Cooper from the Manchester office of Baker Tilly Restructuring last month.

Cash told TheBusinessDesk.com that the company which owned the hotel was overgeared and that a sale process had begun prior to the business being placed into administration.

The deal with Metro Inns offered the best return to creditors and safeguarded the jobs of nine employees, he added.