The Lowry Hotel

  • Property Details
  • Overview
Property Details [  –  ]
Number of Guest Rooms 165
Number of F&B Outlets 2 outlets comprising The River Restaurant and The River Bar & Lounge
Banquet/Conference/Meeting facilities 8 purpose-built meeting rooms for private events or business conferences and a grand ballroom for up to 400 people
Other facilities 1 gym including saunas and a spa
Car park facilities 103 car park lots
Land area ~2,200 sq m
Title ~130 years remaining (1)
Vendor North Low S.Á R.L
Purchase price at 4 May 2017 £52.5 million (2)
Valuation (3) as at 31 December 2017 £52.5 million
Vacant Possession Owner-operated, free of operator or brand
FY 2017 Key Financials [  –  ]
Gross Hotel Revenue S$16.1 million
(£9.0 million) (4)(5)
Net property income S$4.8 million
(£2.7 million) (4)(5)
Average occupancy rate 84.0%
  • (1)The property sits on long leasehold land, with a 150-year lease granted by Chapel Wharf Limited commencing on 18 March 1997 and later by Acroy Limited as varied by a deed of variation dated 15 November 2016.
  • (2)The purchase price of £52.5 million refers to the price of the property and excludes the adjustment for net working capital of £0.6 million.
  • (3)The property was valued by Knight Frank as at 28 April 2017 using the Discounted Cash Flow and Direct Capitalisation approach.
  • (4)As The Lowry Hotel was acquired on 4 May 2017, the numbers only include the contribution from 4 May 2017 to 31 December 2017
  • (5)This assumes CDLHT owned The Lowry Hotel for the full period of FY 2017

50 Dearmans Place, Salford, Manchester M3 5LH

  • Guest Room

    Guest Rooms

  • Land Area

    ~2,200 sq m
    Land Area

  • In Valuation

    £52.5 million
    In Valuation

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

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

In 2015 and 2016, refurbishment was implemented for the guest rooms, public areas and hotel spa.

Notable accolades include:

  • Best Bedroom CHS Awards – 2017
  • Best Large Hotel, Manchester Tourism Awards – 2014
  • Best Hotel at the Downtown in Manchester Business Awards – 2013
  • Best Hotel in the UK at The International Hotel Awards – 2013

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