The owner of the Lowry Hotel has put it up for sale after little more than two years’ ownership. CBRE has been instructed as sole agent to find a buyer for the 165-room five-star hotel on the River Irwell between Salford and Manchester.
The Lowry was bought by an affiliate of Westmont Hospitality Group from Rocco Forte for a reported £45m in August 2014.
The hotel opened in 2001. Westmont has carried out an “extensive renovation and rebranding”, and the “hotel continues to outperform the market after a record year in 2016.”