FRAGRANCE GROUP BUYS TOWNHOUSE HOTEL IN MANCHESTER FROM HARCOURT DEVELOPMENTS

Singaporean property and investment company Fragrance Group has made its third UK hotel acquisition of the year with the purchase of the 85-room Townhouse Hotel Manchester, in northwest England, for £12.5 million (£147,000 per room) from Dublin-based Harcourt Developments. The Grade II-listed property, on Portland Street in Manchester city centre, was first built in 1870 and became a hotel in 1982.

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