Hotels market targeted with two YHA hostels for offers in excess of £6.3m

Two YHA properties, one in Liverpool, have been brought to the market for offers in excess of £6.3m.

Real estate advisor Savills is working on behalf of YHA to market YHA Liverpool Central and YHA Newcastle Central, both established city centre hostels.

The sites can be offered as a portfolio or individually.

Together, they total 480 bed spaces across 98 bedrooms.

YHA Liverpool Central comprises 46 rooms, while YHA Newcastle Central offers 52 rooms.

Both provide significant food and beverage facilities and are in close proximity to key visitor attractions.

Savills said neither hostel has brand or management, so offer the potential for rebranding and repositioning.

Tom Cunningham, hotels director at Savills, said: “This portfolio provides an excellent opportunity to acquire two established city centre hostels, with the exciting possibility to rebrand the sites into existing or new platforms.

“Both the Liverpool and Newcastle hotel markets have benefitted from strong leisure demand since the reopening of the sector last year and these two sites have great potential to capitalise on that.”