Significant investment has been promised for one of Liverpool's best-known hotels after being bought by a German group.
30 James Street has been snapped up by Hamburg-based RIMC Hotels & Resorts, which is aiming to "create an exciting and unique offer", for an undisclosed sum.
Known as the 'home of the Titanic', having been the headquarters of the White Star Shipping Line, the grade II-listed hotel features 63 bedrooms along with the Carpathia Champagne Bar and Restaurant on the seventh floor.
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The hotel also houses a grand hall, providing conference and banqueting facilities, as well as a spa with three treatment rooms and an indoor pool.
Real estate advisor Savills worked on the deal on behalf of administrators Moorfields Advisory.
The hotel was previously put up for sale in October 2021 but the move was shelved in August last year after the asking price of £12.5m failed to be met.
Savills marketed the property having appointed Legacy Hotels, which is known for running the Pullman Hotel on the waterfront, to operate the business in July 2020 .
The hotel was launched by Signature Living in 2014 before it fell into administration as part of wider problems for the developer group.
The building was designed by celebrated Victorian architect Norman Shaw, who also designed New Scotland Yard in London, and was completed in 1896.
The hotel had previously been put on the market in 2019 with an asking price of more than £16m.
Tom Cunningham, hotels director at Savills, said: "We’re pleased to complete on the sale of this iconic city centre hotel. 30 James Street provides quality accommodation and desirable amenities in a standout location, and we look forward to seeing the hotel take on its next chapter."
Duncan Gray, managing director of RIMC UK, added: "We are delighted to have acquired 30 James Street as our first UK acquisition and plan significant investment into the property and business to create an exciting and unique offer, befitting of such a prestigious building in the fantastic city of Liverpool."
DWF Law LLP acted for the purchaser. Law firm Hogan Lovell acted for the vendor.
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