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Weekly Edition - Published  5 December 2015

 

Local News Report - Mobile Page

 

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!

 

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