Sarah Townsend
A legal agreement has been struck between 95% of the developer’s 300 unsecured creditors and its founder Lawrence Kenwright to draw up a plan that could see assets such as Liverpool hotels The Shankly and 30 James Street bought out of administration, the parties say.
The rescue strategy would also relate to several of Signature Living Group’s uncompleted development sites across Liverpool and Greater Manchester, including a 123-apartment project at 60 Old Hall Street in Liverpool and the conversion of the grade two-listed Victoria Mill in Miles Platting into 85 flats.
Administrators at Duff & Phelps were appointed on 15 April 2020 to Signature Living Hotel, which holds various freehold and leasehold interests of the wider Signature Living Group run by Kenwright. Duff & Phelps later reported that the entity collapsed owing £113m to investors.
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Dan Whelan
The hotel developer and operator is to open the grade two-listed Rainhill Hall in St Helens after converting it into a 47-bedroom hotel and wedding venue, following a year of financial difficulty for the wider group.
St Helens Council approved Signature Living’s plans to convert the building, located off Warrington Road, in 2018.
The project saw Signature add 14 bedrooms on the lower-ground floor as well as a function room and a spa.
The upper-ground floor comprises a further 10 bedrooms as well as function rooms, a restaurant and bar, and a reception area. The first floor has 19 bedrooms, including the bridal suite.