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The Diamond Lodge, a purpose-built hotel in Manchester, has been sold to Magenta Hotels Ltd for an undisclosed price. The hotel features 88 en-suite guest rooms as well as a bar, lounge and restaurant, substantial parking, and a courtyard.
Situated in the Belle Vue area of Manchester, around three miles from the city centre, Diamond Lodge benefits from strong transport links and its close proximity to leisure attractions including the Etihad Stadium and the Manchester O2 Apollo.
The hotel has proved popular with both business guests during the week and leisure visitors exploring nearby attractions over weekends.
The hotel was sold by Stephen and Christine Smith, who acquired the property in 2002 and are now selling the site due to their retirement.
Stephen Smith said: “We would like to wish Rohit and his team all the best with the hotel, and thank Tom O’Malley from Christie & Co for his supportive and professional conduct throughout the sales process.”
Rohit Lakhanpaul of Magenta Hotels Ltd added: “We’re thrilled to have acquired Diamond Lodge in Manchester. This investment underscores our commitment to securing hotels in key locations throughout the UK. Manchester is a vibrant city, and Diamond Lodge will be an integral part of our expanding portfolio.”
Tom O’Malley, associate director at Christie and Co, who managed the sale, concluded: “We ran a competitive process on behalf of the owner, receiving multiple offers from a range of buyer types, resulting in a sale to an expanding UK hotel group. The level of interest received underlines the appetite in the market for limited service “bedroom factories” in and around city centres.”
