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.

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