The developer has rejigged two existing schemes to add two more hotels to Liverpool’s booming pipeline, including a 278-bedroom hotel at the £100m Aura and a 260-bedroom offering at Heap’s Rice Mill.
The largest of the hotels will replace part of the residential planned on the Park Lane part of the wider Heap’s Mill site, cutting the number of apartments by 264.
The brand to occupy the hotel is still under wraps but is understood to be a higher-end operator opening its first site in the city.
Elliot Group first secured planning permission to develop the site in October 2014, before selling the plot to Inhabit a year later; however, the scheme never came forward, and Inhabit sold the site back to a company set up by Elliot and Valorem Investment Partners in July this year.
Falconer Chester Hall is the architect, and the development tops out at 16 storeys, including 12,000 sq ft of retail and leisure space set around a new public square. Although a main contractor is yet to be confirmed, the joint venture of Elliot and Valorem is aiming to be on site by the third quarter of this year.
Elliot Group director Elliot Lawless said there had been “significant progress” already at the site, with remedial actions including addressing structural issues around the listed mill building beginning soon.
Elliot has also put forward amends to its Aura project, currently under way on the edge of the city’s Knowledge Quarter.
The amends will see a 142-apartment block on the £100m scheme with a 278-room hotel, understood to be a budget offering. Vermont is the main contractor, after replacing collapsed builder Forrest on the job, and is understood to also be building the amended hotel.
The wider Aura scheme will provide more than 1,000 student flats and has also been designed by Falconer Chester Hall.
Lawless added: “Liverpool’s hotel sector is booming and these changes reflect market demand.
“Occupancy is heading towards 85% and revpar has never been higher and so the city needs new supply, particularly around the Knowledge Quarter and in Baltic, where there is chronic under-supply.”