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Radisson Edwardian Up For Sale

Former Free Trade Hall is on the market

Written by . Published on September 16th 2011.


Radisson Edwardian Up For Sale

THE Radisson Edwardian hotel on Peter Street is up for sale after Christie + Co were instructed to put the property on the market today.

The five star hotel and former Free Trade Hall was the Radisson Edwardian Group’s first luxury hotel outside of London.

The terms of the sale include a long-term management contract with the Radisson Edwardian Group. The sale is not thought to affect day to day operations at the hotel.

Martin Davis, director and location manager of Christie + Co in Manchester, believes there will be significant interest in the property.

“We are delighted to have been given the instruction to market this iconic and historic Manchester property,” he said.

“Radisson Edwardian continues to manage this profitable and robust business and there will be no disruption to guest services or staff as a result of the sales process.”

The 263-room hotel is a grade II* listed city landmark and in more recent history, was once the home of Sven Goran Ericsson during his stint as Manchester City manager.

 

 

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7 comments so far, continue the conversation, write a comment.

AnonymousSeptember 17th 2011.

Instructed to market the property on behalf of the official receivers is accurate. I am a little confused. The company that owns the building has gone belly-up, Radisson continue to pay them rent I presume, so how have they become insolvent? The day-to-day operating costs would have been met by the hotel group so how can this happen?

AnonymousSeptember 19th 2011.

One would assume that the owners borrowed more money against the value of the property, lost it, and are no longer in a position to pay the interest/repayments.

Simon BinnsSeptember 19th 2011.

Free Trade Hall Hotel was put into administration in August. The bank made the call after the company could no longer repay loans secured on the building.

AnonymousSeptember 19th 2011.

Don't those that own the Free Trade Hall (Hotel) also own the Mark Addy?

DanielSeptember 21st 2011.

Hopefully they know more about sales techniques than they do celeb gossip... it was the Lowry where Sven stayed!!

AnonymousSeptember 22nd 2011.

Er, delightful...

Larry LeeSeptember 26th 2011.

Developers who eviscerated this beautiful building have now gone bump. Calls into question the Council's judgement on these planning decisions. Are they going to repeat this debarcle if they win the CPO on the London road Fire Station?

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