The proposal is to develop the Baltic Triangle’s first hotel, comprising of 58 eccentrically designed, uniquely flexible stay spaces. The ground floor will feature a meeting/ socialising space, bar and restaurant with a more intimate eating area in the basement.
The Baltic Hotel will sit within a beautiful turn of the century building at the most visible juncture to Liverpool’s newly emerging creative hub.
The hotel sector continues to see year-on-year growth in revenues and expansion of capacity. A report from the city council illustrates how the hotel sector has enjoyed huge growth with weekend occupancy levels now exceeding 90%.
The Baltic Triangle area of Liverpool sits to the immediate south of Liverpool city centre and is bounded by Liver Street in the north, Mill Street to the south, St. James Street to the east and Wapping to the west.
As a result of the areas proximity to the city centre and its new popularity fuelled by a blossoming creative and digital sector overseen by the Baltic Creative C.I.C it has attracted significant levels of development. Since January 2012 £128 million has been invested in new developments with a further £62 million currently on site.
The Baltic Triangle is an historic port area of Liverpool bordered by Echo Arena, BT Convention Centre, Albert Dock, Liverpool One and Rope Walks. It is the very last city central area ripe for redevelopment and is now experiencing a steady renaissance as investors recognise the benefits on offer.
Serious investors will be aware of the very successful Liverpool One, Grosvenor Estates’ £950m retail-led Paradise Street development, which has galvanised confidence in the city property market ever since. The area’s proximity to the city centre, its excellent transport connections and amenities coupled with a unique proposition of land and buildings make the location a true gift for investors.
This area of Liverpool has emerged as one of the hottest property markets over the last few years attracting over £100 million of investment during this time. Home to digital and creative businesses, independent shops, cafes and bars, making this one of Liverpool’s quirkiest districts to explore and having recently been named as the UK’s third best place to live by The Sunday Times there are no signs of slowing down.
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