Waterfront Southport Hotel Up for Sale Amid Debt Troubles

The hotel, which is located on Southport’s waterfront next to the planned £73m Marine Lakes Events Centre, was first put on the market at the end of September 2022. It has remained trading since the companies entered administration.

It includes 131 bedrooms and penthouses, a lounge bar, restaurant, roof garden, gym, conferencing and events space, as well as secure underground car parking for 120 cars.

In December 2022, BusinessLive reported that Waterfront Southport Properties Ltd owed £18.2m to its creditors when it entered administration.

At the start of this year, the hotel was forced to change its name after a former boss demanded £20,000 a month.

David Lee, regional director in Christie & Co's North and Midlands Hotels team, said: "With its waterfront views and ideal position near Southport’s many local attractions, the sale of the Southport Waterfront Hotel presents a prime opportunity to purchase a substantial, well-maintained hotel in a popular UK seaside town.

"The regeneration of the Marine Lake area is expected to attract over half a million visitors to Southport each year and Royal Birkdale playing host to the Open in 2026 is expected to bring over 250,000 visitors to the area, so there is significant scope for a new owner to grow the business and increase turnover in the next few years."

Tom Cunningham, director in the hotel capital markets team at Savills Manchester, added: "This is an exciting opportunity to acquire the long leasehold interest in a luxury seaside hotel. The property has benefited from a multimillion-pound refurbishment and comes with outstanding asset management and development potential, subject to planning."

Offers are invited for the hotel on a long leasehold basis, with 235 years left on the lease.