The sister hotel of an in-progress hotel in Preston city centre has gone into administration.Advertisement
The Shankly Hotel in Victoria Street, Liverpool, is operated by the Signature Living Group.
They are planning to open a hotel with the same name in the former Post Office building between Market Street and Birley Street, Preston.
Reports on the Liverpool Echo website state administrators Duff & Phelps have been brought in for the Shankly in Liverpool and the wider Signature Living group – operated by Lawrence Kenwright remains unaffected.
They also report a partner at business advistor firm Quantama saying there will be ‘serious consequences’ from the administration of the Liverpool-based Shankly Hotel.
Work on the Shankly in Preston city centre had ground to a halt in recent months with a number of ‘opening dates’ trumpeted on social media and to the media being missed.
The last opening date was due in Autumn 2019 and a ‘partial opening’ was due in the coming months.
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In May last year the Signature Living group faced questions about its financial model with investors reportedly being left empty-handed.
The £15million hotel in Preston city centre is due to have space for 350 guests, a hotel and a rooftop function space.
The grade-II listed building was sold to the Signature group by Preston City Council in 2016.
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