ALGONQUIN BUY LIVERPOOL NOVOTEL

Belgian investor and hotel operator Algonquin has purchased the 209-room Novotel Liverpool Central in northwest England from administrators acting on behalf of Ireland’s National Asset Management Agency (NAMA) for £13.15 million. The former owners of the hotel, Pedersen Group, fell into administration in autumn last year. The hotel, which is adjacent to the city’s Liverpool One, a retail and entertainment centre, is leased to Accor until 2024.

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