Signature Living reveals plans worth £300m for new developments

signature hotelLIVERPOOL hotel operator and developer Signature Living has revealed plans for projects valued at £300m over the next three years.

Schemes have been identified in Liverpool, Cardiff, Preston, Manchester and Belfast with contracts worth up to £100m to be offered to businesses in Merseyside.

The company has four major hotel projects in Belfast in an £80m investment and also started phase two of its £42m Coal Exchange hotel project in Cardiff.

Other notable schemes include the £10m Dixie Dean hotel in Liverpool and the Harris Hotel in Preston.

The company also announced that its Signature Hotel in Liverpool city centre has secured £2m worth of funding from peer-to-peer lender Assetz Capital.

The building is famous for its links to local band OMD (Orchesteral Manoeuvres In The Dark) which set up a recording studio at the Stanley Street property in the early 1980s.

A £5m restoration project was completed by Signature Living in 2012 to transform the building into five floors of luxury hotel suites and apartments.

David Marsh, managing director of Signature Living, said: “Over the years we have developed a unique funding model that has helped us to become one of the fastest growing hoteliers in the UK market.

“We’ve had previous experience with crowdfunding, but by dealing with P2P we could remove investors and come up with a long term finance solution that would allow us to utilise cash in other areas of the business.

“By partnering with Assetz Capital we have been able to continue with what we do best – bringing genuine experiences for our guests across our portfolio of hotels and apartments.

“We look forward to our ongoing relationship with Assetz Capital and will be collaborating on more ventures across the country.”

Mark Roberts, relationship director at Assetz Capital, said: “Signature Living has an established and reputable brand in Liverpool City Centre and we look forward to working with them and the broker to support Signature further over the next few years as the brand grows.

“Signature, like Assetz, have very ambitious growth targets and I am sure that his can be the first of many transactions we complete together in the coming years.” @copy NewspaperTimes - All rights reserved