InterContinental Hotels ‘eyes Employment Exchange’
INTERCONTINENTAL Hotels Group is said to be circling for the derelict Employment Exchange site near Piccadilly in Manchester.
A report in Estates Gazette magazine suggests the hotel group has nearly agreed a deal with administrators at Deloitte who have been looking to sell the site since the 2010 collapse of its owner, Liverpool-based Albany Estates.
According to the story IHG plans to turn the site into a 350-bed Holiday Inn and will submit plans before the end of the year.
IHG is also said to be pushing ahead with plans to open a five-star hotel at the Theatre Royal on Peter Street. Landlord owner wants to bring live music back to the venue but also wants a high-end hotel in a new tower at the rear of the building.
