Properties

The Lowry Hotel

50 Dearmans Place, Salford, Manchester M3 5LH

  • Guest Room

    165
    Guest Rooms

  • Land Area

    ~2,200 sq m
    Land Area

The Lowry Hotel is an iconic 5-star luxury hotel which offers 165 rooms (Riverside Suites recently refurbished in 2023) and a comprehensive suite of facilities and is located in proximity to the heart of Manchester city centre. It is also within close vicinity of top office developments such as Spinningfields and prominent retail establishments such as the Arndale Shopping Centre (one of the busiest retail malls in the UK). Key entertainment hubs such as the Royal Theatre Exchange, Manchester Opera House and Manchester Arena are all within close walking range of the hotel.

The Lowry Hotel is also well-known throughout the United Kingdom and since its opening in 2001, the hotel has hosted many notable celebrities, prominent foreign dignitaries, sports stars as well as prestigious football teams.

NOTABLE ACCOLADES

  • • Most Loved Hotel at I Love Manchester Awards 2023
  • • Best use of Technology at The Cateys 2023
  • • The AA Rosette Award (2018 - 2022) - The River Restaurant (Two Rosettes)
  • • Manchester's Finest 2018 - Best Restaurant in Manchester
  • • Eat, Sleep and Drinks Awards 2017 - Best Hotel Restaurant in Manchester
  • • Best Bedroom CHS Awards 2017
  • • Good Spa Guide Bubble Rating of 5 Bubbles - RE:TREAT

 

Property Details [  –  ]
Number of guest rooms 165
Number of F&B outlets Two outlets comprising The River Restaurant and Lowry Lounge and Bar
Banquet/Conference/Meeting facilities Eight purpose-built meeting rooms for private events or business conferences and a grand ballroom for up to 300 people
Other facilities A spa comprising a gym, four treatment rooms, a fitness studio, cryotherapy chamber, VR experience, floatation tank and somadome meditation pod as well as a hair salon
Car park facilities 88 car park lots
Land area ~2,200 sq m
Title 150-year leasehold interest commencing 18 March 1997
Purchase price at 4 May 2017 £52.5 million (1)
Valuation (2) as at 31 December 2023 £46.0 million
Green Rating/Certification EPC "B" Rating
Vacant Possession Owner-operated, free of operator or brand
FY 2023 Key Financials [  –  ]
Gross Hotel Revenue S$21.4 million(3)
(£12.8 million)
Net property income S$4.8 million(3)
(£2.9 million)
Average occupancy rate 77.4%
  • (1)The purchase price of £52.5 million refers to the price of the property and excludes the adjustment for net working capital
  • (2)The property was valued by Colliers International Consultancy & Valuation (Singapore) Pte Ltd using the Discounted Cash Flow approach.
  • (3)Based on the average exchange rate of £1.00 = S$1.6673.

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