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Singapore firm buys Manchester hotel popular with football stars

Xinhua, May 5, 2017 Adjust font size:

A 5-star hotel in Manchester popular with footballers from the city's two teams as well as famous celebrities has been bought by a Singapore-based real estate company.

Singapore-based CDL Real Estate Hospitality Trust has bought the Lowry Hotel from North Low SÁRL in a deal worth 52.2 million pounds (68 million U.S. dollars).

The new owner said the Lowry, Manchester's first 5-star hotel, will continue to operate as a standalone hotel.

Vincent Yeo, chief executive of the trust managers, said: "Manchester is one of the most important cities outside of London with a buoyant economic outlook, and the hospitality market is supported by a strong mix of corporate and leisure demand, particularly in football-related and entertainment demand."

The hotel's facilities include 165 bedrooms, six suites and a presidential suite. Endit