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In this episode we speak to brothers Alex and Adrien Grosjean, young entrepreneurs who have recently acquired The Residence Inn by Marriott Manchester Piccadilly. We discussed the reasons why Manchester’s visitor market is booming, and their decision to invest in this area, why they see extended-stay accommodation as a major opportunity in what is one of the UK's fastest-growing cities, how they plan to enhance their portfolio of hotels, and their advice for the next generation of hospitality disruptors.

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The newly renovated Stanneylands Hotel, located in the heart of the Cheshire countryside, has been sold off an asking price of £6.25m.
The area around the property features many parks and national trust sites, including Quarry Bank Mill, Dunham Massey and Tatton Park to name. The hotel is also located near the Manchester International Airport and Manchester city centre.

The hotel was originally purchased in 2015 by the Mere Group, owned by Mark Boler and Gary Corbett.

The property closed its doors to the public while it underwent a £1.7m refurbishment and commenced trading in April 2017. The 52 bedroom hotel now has two new dining venues and three function suites for weddings, conferences and other events.

William Lees-Jones, managing director of JW Lees said: “When we saw that Stanneylands was available, we immediately knew that it would be a great asset for us to acquire and we believe that we can add value to the business by welcoming it to our growing hotels and inns business headed up by Tony Spencer.”

Ryan Lynn, director at Christie & Co’s Manchester office, who handled the sale, said: “We were very happy to work with the Mere Group to sell Stanneylands and found JW Lees to be a great and straight forward buyer to deal with.

“From the start, the hotel was marketed on a very confidential basis with a view to maximise the sale price, but also with a goal to achieve a quick deal. With a fast and effective marketing campaign, we introduced several buyers, received multiple bids and completed on the deal within a couple of months of it being agreed.”

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