The joint venture has detailed the first phase of its plans to redevelop the Deansgate site into a mixed-use scheme involving the revamp of the vacant 206-bedroom hotel and the Premier House office building.
The partnership between Property Alliance Group and a controlled affiliate of US-based investor Starwood Capital Group bought the site earlier this year for an undisclosed sum.
A consultation on the first phase of plans opens today and will run until 9 April.
The four-star Renaissance hotel, part of Marriott Group, closed permanently on 15 July 2020 citing weak demand compounded by the pandemic. Working with Jon Matthews Architects, the JV wants to “undertake the high-quality redevelopment of the existing hotel” rather than demolishing it, in an attempt to “reposition [the building] as a market-leading upscale hotel”.
PAG and Starwood say they are in talks with a “leading operator” to run the replacement hotel, which would feature a revamped reception lobby with a food and beverage area, a mezzanine level with suites, function rooms and a gym, as well as a bar and restaurant on the top floor, and an open terrace with private dining rooms.
Earlier this month, PAG lodged a planning application to replace the hotel’s existing windows, the first part of the package of refurbishments.
Elsewhere within the first phase of the £200m project, the vacant Premier House office building is to be revamped to provide 40,000 sq ft of Grade A office space, according to the JV.
Part of the office building is to be demolished to make way for the new-build residential block, to be located on the corner of Deansgate and Victoria Bridge Street.
Plans for the new-build residential element featuring around 290 apartments will be subject to an additional public consultation expected later this year.
Subject to planning approval for the first phase, the joint venture aims to start on site later this year.
Alex Russell, managing director of PAG, said: “This is a significant scheme, which will regenerate a part of the city that has been earmarked for development for many years.
“Our plans for the hotel and offices form part of the scheme’s first phase and we hope that by the summer, we will be in a position to unveil details of the new homes.”
“It’s unfortunate that we can’t unveil our plans in person because of Covid-19 restrictions, but we hope that people will take the opportunity to view the proposals online. We look forward to receiving feedback, so that this can be considered before we submit our planning application.”
Avison Young is the planning consultant and Planit-IE is the landscape architect.