Merseyside Pension Fund backs historic Liverpool hotel redevelopment

Merseyside Pension Fund North Western Hotel

The Merseyside Pension Fund has agreed a £20m senior loan to support Marcus Worthington Group’s regeneration of the Grade-II listed North Western Halls from student accommodation into a 202-bed hotel.

Situated in Liverpool city centre, adjacent to the recently £140m refurbished Lime Street station, the Sir Alfred Waterhouse designed building has been pre-let to Radisson for its fifth ‘Radisson Red’ hotel in the world. The building was originally built in the 1870s as the North Western Hotel, part of a series of railway-connected luxury hotels, but closed as a hotel in the 1930s and was empty for years before it was finally converted into student halls by Liverpool John Moores University in 1996.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue