A new opportunity has arisen to invest in hotel rooms in Liverpool’s city centre.
The Baltic Hotel is a hotel in Liverpool’s trendy Baltic Triangle. To the west of the hotel is the historic river and to the north is the Liverpool ONE shopping complex. The rapid emergence of bars and pubs in the Baltic Triangle has cemented its place as the number one place to go out in Liverpool. Its proximity to the centre of Liverpool also means it is a convenient place to stay if someone wants to explore Liverpool’s cultural offerings and nightlife.
The opportunity is to invest in phase 2 of the hotel makeover, which will see the creation of 20 additional rooms. The Baltic Hotel is a boutique development of 58 rooms in total with a bar and restaurant on the ground floor. The aim when undertaking redevelopment is to keep the hotel’s finer features and combine them with modern amenities. The design will reflect the building’s warehouse past with an urban design.
With the weakening of the pound, the rise in British people opting for “staycations”, and the ever-changing preferences of the types of accommodation that tourists are opting for, serviced apartments are proving themselves to be very worthwhile investments.
Not only is there an increased demand for serviced apartments from domestic visitors, but also from overseas guests. In 2015 over 36 million people came to the UK for a holiday, a 50% increase over the previous 12 years.
In Liverpool specifically, since being named the European Capital of Culture in 2008, Liverpool has seen significant investment. This has resulted in an increase in people visiting the city, and as such Liverpool now welcomes over 54 million tourists and 4.8 million overnight guests annually and football tourism is expected to increase by 20% this year due to Liverpool winning the Champions League. They are all looking for suitable accommodation in a central location.
Liverpool Ranks 6th for Lambert Smith and Hamptons 2019; Hotel Growth Hotspot Ranking.
This means that a hotel such as the Baltic Hotel is in good stead to accommodate those tourists, allowing for good occupancy levels and rental yields. Enquire today to find out more about this hotel room investment in Liverpool, or more hotel room investments we have to offer.