Dalata Hotel Group Plc has announced it has taken a long lease of the hotel element of the £170m Park Lane scheme on Liverpool’s southern waterfront.
A 260-bedroom, four-star hotel will operate under the Irish group’s Maldron brand and will be the operator’s debut in the “booming” Liverpool hotel market.
According to the group, the deal was “contingent” on a new planning approval that sought permission to convert one of four new-build residential blocks to a hotel, with the building’s height reduced from twelve storeys to nine.
That permission was granted on 10 December, and the scheme is being developed by Valorem Investment Partners and its joint venture partner, Liverpool developer Elliot Group.
Dermot Crowley, deputy chief executive of Dalata Hotel Group, said: “I am delighted that we are today announcing another new project in the UK, the Maldron Hotel Liverpool. Liverpool has been a key target city for Dalata due to the strong mix of corporate and leisure business.”
Developer Elliot Lawless added: “I’m pleased that we can bring such a high quality operator to the city. Since acquiring the Park Lane site in June we’ve moved quickly to drive the project forward and credit is due to all parties for concluding the deal in a tight timescale.”