Southport hotel acquired
after turnaround led by OneCall Hospitality
A landmark Southport hotel has been
sold to a Merseyside entrepreneur for a 6 figure sum, according to
Colliers International, who have acted as agents for the sale.
The Bold Hotel, on Lord Street, has been acquired by AM Investments Ltd, which
is headed by Andrew Mikhail, the Rainford based businessman, whose interests
include the energy installation company SolarKing UK and the prestige car
dealership Marques of Distinction, in St Helens.
The acquisition follows a successful turnaround of the business by hotel
management specialists Onecall Hospitality. Onecall was appointed as
managing agents in January 2012, by West Register, which had purchased the
business from administration.
The Onecall team has since overseen a £300k improvement programme, which has
included a refurbishment of the ground floor to create a new function suite,
as well as an open plan dining, bar and snug area.
Mark Chambers, Director of Onecall, said:-
"The Bold Hotel is one of
the best known hotels in Southport and was a well respected amenity, but loss
making at the time of our appointment. We have worked with the loyal staff
team and it is now a profitable and well managed establishment. We would
like to wish manager Adam Draper and his team all the best for the future."
The Bold Hotel is situated in the heart of Southport's main shopping area.
It has 23 ensuite bedrooms and has won the respected Trip Advisor
Certificate of Excellence, in both 2014 and 2015.
The hotel has also gained a good reputation
for its food and now prides itself on using locally sourced ingredients.
New owner Andrew Mikhail also owns the Eccleston Arms Bar and Grill in St
Helens, which he acquired earlier this year and has renovated to provide
dining and accommodation facilities.
Please let us know what you think of the
sale of this historic Southport Landmark. Please email us to:-
News24@SouthportReporter.Com and do
let us know what you think!