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The landmark Cube Hotel in Birmingham, which entered administration in July, has been brought to market with offers in the region of £12m.Joint administrators Richard Easterby, Andrew Andronikou and Nick Simmonds of Quantuma Advisory were appointed last month over MSHA Global Investments Ltd, trading as The Cube Hotel.
The sale comprises the 52 bedroom hotel, which has “extensive” city views, as well as a 180-cover Marco Pierre White branded restaurant and a rooftop bar, along with private dining and function rooms.
The hotel and restaurant, situated on levels 7, 23, 24 and 25 of the “iconic” Cube development, remain open and fully trading while specialist advisors from agents Watling Real Estate and Graham and Sibbald seek a buyer.
Chris Davies, a director in the Birmingham office of Watling Real Estate, said: “This is a rare opportunity to acquire a prime city centre hotel and well established restaurant in a landmark building.”
Hugh Anderson, a partner in Graham and Sibbald’s hotel team, added: “The asset offers further branding opportunities and the potential to enhance trading significantly, capitalising on the panoramic views across Birmingham and the stunning outside terraces at level 25.”
