Salboy to open new boutique hotel in Manchester

Property development company Salboy has announced the acquisition of the Castlefield Hotel’s site with plans to transform it into a boutique city-centre hotel in Manchester. Domis, a construction company located in Salford, will reportedly assist in the plans. 

This new boutique hotel is said to be the third hotel in Salboy’s portfolio, as the company continues to “expand into the commercial property space and the upscale hospitality market”.

The freehold site is on 123-125 Liverpool Road between Woodlam Place and Old Medlock Street in the Castlefield area, which is said to be the home of the world’s first steam-powered railway station, opening in 1830, and the site which was once reportedly the home to the oldest railway hotel. 

In addition, the site includes two vacant grade-II listed buildings in need of refurbishment. Both of these 20th Century properties are three-storeys with basements and when transformed, the development will reportedly include 39 hotel rooms, a ground floor lobby and concierge area, a lounge bar, a restaurant and staff facilities.

With a £12m GDV, the development will reportedly benefit from being near an array of pubs, bars and restaurants, as well as the Museum of Science of Industry. It is also within walking distance of both Spinningfields and Deansgate, and in close proximity to The Factory cultural hub.

Simon Ismail, co-founder and MD of Salboy, said: “Our decision to acquire the Castlefield site with the intention to build a high-quality boutique hotel chimes with our strategy to diversify our development pipeline with more much-need, first-class commercial schemes.

“Manchester continues to demonstrate its position as one of the UK’s top destinations for tourism and culture. Hotel occupancy rates are high and the city is bustling with a growing local population and visitors all looking for great places to spend time, live and do business.”