UK: World real estate investment platform RealVantage has acquired Manchester’s Heathcote Lodge in collaboration with London-based real estate investor and asset manager Oberland.
The £14 million transaction sees RealVantage taking over a majority 85 per cent fairness curiosity with 15 per cent held by Oberland.
The Heathcote Lodge was initially designed and constructed as a packing warehouse and showroom with workplaces for cotton producer Sparrow Hardwick & Firm.
Positioned at 107 Piccadilly in Manchester, the resort is predicted to shut in April 2026 and start a six-month refurbishment program that contains public areas, bar and restaurant, and visitor rooms. When full, The Heathcote Lodge will enhance its room depend from 61 to 78 keys.
Lodge and serviced condo funding specialist and supervisor C1 Capital is the appointed resort operator when The Heathcote Lodge reopens.
“With a gentle launch focused for October 2026, energetic asset administration will begin thereafter,” mentioned Keith Ong, RealVantage co-founder and CEO. “RealVantage will then undertake funding monitoring and oversight duties, with a centered 12 to 18 month asset administration interval aimed toward optimising working efficiency and worth realisation.”
Highlights:
- RealVantage has acquired Manchester’s Heathcote Lodge in a £14 million off-market hospitality actual property deal, taking an 85 per cent fairness stake.
- Oberland joins the transaction with a 15 per cent minority place.
- The Heathcote Lodge at 107 Piccadilly will shut in April 2026 for a six-month refurbishment upgrading visitor rooms, bar and restaurant whereas increasing capability from 61 to 78 keys.
- C1 Capital has been appointed resort operator, overseeing reopening plans and stabilisation technique as asset managers goal a gentle launch in October 2026.
