Register to get 3 free articles
Register to unlock the article and receive our free newsletter. Join 26,000 other hotel leaders and stay in the know.
Want unlimited access? View Plans
Already have an account? Sign in
Hotel investment volumes in Manchester were higher than any other UK city outside London in 2017, with nine deals totalling £178m.
This was 52% greater than the £117m seen in Edinburgh, the second highest regional city by volume, and more than double Manchester’s £83m total in 2016.
Deal count was also up year-on-year in Manchester, with nine hotel transactions completed in 2017 compared with six in 2016. Overseas investors were the dominant buyer type, accounting for 81.5% (£145m) of hotel deals.
There were 1,127 individual hotel rooms sold in Manchester last year, marking a 32% increase on the 854 room total of 2016. At £144,560, the average price per room was 36% higher than the UK average (excluding London) of £106,290.
Tom Cunningham, hotels director at Savills Manchester, said: “Manchester is a truly global city with high levels of recognition thanks to its international airports, forward-thinking city council, strong visitor numbers and numerous sporting, business and leisure events every year.
“The strength of its hotel investment market is a reflection of this, and we expect 2018 to be another robust year.”
