City centre boutique hotel hits market priced at more than £3m

A boutique Liverpool hotel is coming to market, via CBRE, with a guide price in excess of £3m.

The Lock & Key Hotel, in the city centre’s Duke Street, is a Grade II-listed Georgian Townhouse has been launched for sale.

The modern, three-storey 26-bed boutique hotel includes a private lounge, vibrant bar and a restaurant on the ground floor and has undergone a recent £800,000 investment.

It is located on a prime entertainment street in the heart of the city centre with nearby occupiers including Pins Social Club, The Brunch and Cocktail Club and Duke Street Market.

The original section of the hotel, at 15-17 Duke Street, underwent a repositioning and extensive refurbishment to deliver a 14-bed boutique hotel.

The current owners expanded into 19 Duke Street in 2023, creating a further 12 high quality bedrooms, taking the total number of bedrooms to 26, leading to significant growth in the hotel’s profitability.

Recently recognised in the Sunday Times ‘Top 100 British Hotels’, the hotel is a short walk from all major attractions in the city, including leading retail and entertainment destination, Liverpool One, which welcomes around 22 million visitors annually, and it’s also close to the iconic Royal Albert Dock and M&S Bank Arena.

Shaun Skidmore, Senior Director, of CBRE’s Operational Real Estate team, said: “This is an exciting opportunity for potential investors to acquire a high performing, stunning hotel in a prime part of Liverpool city centre, as well as being close to some key regeneration developments and famous landmarks.

“The building is a best-in-class, contemporary specification which retains the original character features.”

He added: “This is a prime investment opportunity in a city with world famous arts and culture, heritage of global significance, a diverse economy and world leading education.”

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