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UK: Global real estate investment platform RealVantage has acquired Manchester’s Heathcote Hotel in collaboration with London-based real estate investor and asset manager Oberland.
The £14 million transaction sees RealVantage taking up a majority 85 per cent equity interest with 15 per cent held by Oberland.
The Heathcote Hotel was originally designed and built as a packing warehouse and showroom with offices for cotton manufacturer Sparrow Hardwick & Company.
Located at 107 Piccadilly in Manchester, the hotel is expected to close in April 2026 and begin a six-month refurbishment program that includes public areas, bar and restaurant, and guest rooms. When complete, The Heathcote Hotel will increase its room count from 61 to 78 keys.
Hotel and serviced apartment investment specialist and manager C1 Capital is the appointed hotel operator when The Heathcote Hotel reopens.
“With a soft launch targeted for October 2026, active asset management will commence thereafter,” said Keith Ong, RealVantage co-founder and CEO. “RealVantage will then undertake investment monitoring and oversight responsibilities, with a focused 12 to 18 month asset management period aimed at optimising operating performance and value realisation.”
Highlights:
- RealVantage has acquired Manchester’s Heathcote Hotel in a £14 million off-market hospitality real estate deal, taking an 85 per cent equity stake.
- Oberland joins the transaction with a 15 per cent minority position.
- The Heathcote Hotel at 107 Piccadilly will close in April 2026 for a six-month refurbishment upgrading guest rooms, bar and restaurant while expanding capacity from 61 to 78 keys.
- C1 Capital has been appointed hotel operator, overseeing reopening plans and stabilisation strategy as asset managers target a soft launch in October 2026.
