Luxury Southport boutique hotel offered for sale now in administration
Companies behind a luxury boutique Southport hotel that was put on the market last month have gone into administration.
Waterfront Southport Properties and Waterfront Hotels (Southport) traded as Bliss Hotel Southport.
Last month Waterfront Southport Properties instructed the operational real estate team at CBRE in Manchester to market four-star Bliss. This followed CBRE’s appointment in June this year to advise on strategic options for Bliss Hotel and adjoining major development opportunities on the waterfront in Southport.
Now, Paul Davies and Sandra Mundy, of advisory firm James Cowper Kreston, have been appointed as joint administrators of the companies. They were appointed on September 28, 2022, the day after CBRE was instructed to seek a buyer.
Paul Davies, said: “We are continuing to trade the business as usual whilst we look for a buyer for the business as a going concern.
“At this time we have no plans to make any changes to the team structure and we will be honouring all function bookings.”
No asking price was announced when the hotel was put on the market last month.
Bliss Hotel sits in a prime position extending onto Southport’s waterfront next to the proposed state-of-the-art Marine Lakes Events Centre.
The Events Centre, which forms the backbone of Sefton Council’s proposed £75m regeneration plan, in conjunction with the Southport Town Deal, has been progressing with a planning determination expected shortly, while pre-construction ground investigations were undertaken in August.
ASM Global, a global arena operator with more than 350 venues, has been recently appointed to operate the Events Centre.
The purpose-built Bliss Hotel offers 131 bedrooms and penthouses, a lounge bar, restaurant, roof garden, gym, conferencing and events space, as well as a secure underground car parking for 120 cars.
It has recently undergone a significant refurbishment programme to upgrade the F&B, public areas, meetings and events space with two floors of hotel bedrooms.
CBRE said it has a strong trading performance with further asset management potential. The adjacent 50,000 sq ft leisure block is available by separate negotiation.
