Specialist business property adviser, Christie & Co, has completed on the sale of Alma Lodge Hotel, a three-star hotel and renowned events venue located in Stockport, Greater Manchester.
The hotel is positioned eight miles from Manchester city centre on the border with Cheshire, amongst a number of busy residential and commercial areas, and within easy access to nearby larger cities including Leeds and Liverpool. The hotel enjoys access to key transport links including Stockport Railway Station and Manchester Airport.
The business also benefits from its close proximity to nearby local attractions including the Manchester City and Manchester United grounds, meaning the property enjoys a steady level of occupancy from business and leisure travellers year-round.
Situated within the main building, an original which dates back to 1860s, is 52 en-suite guest bedrooms and Luigi’s Restaurant, an elegant dining venue with a focus on Italian cuisine.
The hotel is renowned as Stockport’s premier events venue due to its stylish and sizeable functions offering, comprising five conference and events rooms in a modern extension adjacent to the main building. The largest space can accommodate up to 250 guests, making it a popular choice for weddings and large private events.
Having been owned and operated by the same family for many years, the sale of Alma Lodge allows the current owners to retire and spend more time with their family.
The hotel has been purchased by two brothers who are looking to drive the business forward and quickly get back to past, pre Covid performance.
Ryan Lynn, Director in Christie & Co’s Corporate Hotels team handled the sale and comments, “I’m very happy to have been involved in the sale of Alma Lodge. We have been working on the deal for a while now and despite such an uncertain time, the sale has gone through after a lot of hard work from all involved, suggesting the resilience of the sector. We wish the previous owner, Karl and his family all the best for a well-earned break and the best of luck to the new owners moving forward with the business.”
The Alma Lodge Hotel was sold off an asking price of £2,750.000.