Property and hotel investment experts are seeking a luxury lifestyle operator for the landmark Grade II listed building.
Manchester-born property investor Patrick Waldron and hotel investment expert Kay Tierney are leading plans to revive Manchester’s iconic Great John Street Hotel following its acquisition by Trinity North.
Waldron, managing director of Trinity North and Westshield, the North West construction group founded in 1977, is working alongside collaborating director Tierney, who brings more than 20 years of experience across hotel operations, asset management and investment.
The acquisition, from MCL GJS Propco Limited for an undisclosed sum, marks Trinity North’s first major purchase.
Trinity North will now accelerate renovation work at the landmark Grade II listed site, with the ambition of attracting a luxury lifestyle hotel operator with a distinctive concept and bold vision for the property.
Great John Street Hotel occupies a prime position between Spinningfields and St John’s, where Manchester’s business district meets its growing creative quarter.
Built in 1912, the Grade II listed former school sits within the Castlefield Conservation Area and extends to 30,537 sq ft. Its former rooftop playground provides a striking setting for a bar and terrace with sweeping views across Manchester’s skyline.
Trinity North believes the deal will give fresh momentum to the next phase, completing the work needed to create an exceptional hotel and enable a leading operator to realise the site’s potential.
Funding for the deal was provided by Manchester-based specialist property lender, Together, which has an £8.5bn loan book. Jenics also advised on the deal.
Great John Street Hotel is at the heart of a distinctive cultural, hospitality and leisure neighbourhood. Aviva Studios, the Science and Industry Museum and Castlefield Bowl are just a few minutes’ walk away, as is Enterprise City, home to Booking.com, WPP, dentsu and Cloud Imperium Games.
Nearby neighbours include Soho House, Mollie’s and VERSA Studios at the former Granada Studios site, while restaurants including Hawksmoor, The Ivy, Sexy Fish, Caravan and Fenix add to the area’s appeal.
Trinity North says they provide a compelling setting for an ambitious luxury lifestyle hotel operator to establish its own identity in Manchester.
Patrick Waldron, Managing Director of Trinity North, said:
“We are delighted to have acquired Great John Street Hotel and we are looking forward to delivering something truly special. We are immediately focused on driving the next phase forward and engaging leading hotel operators who have a distinctive concept and bold vision for the property in 2027.
“It is a beautiful and distinctive site in the heart of the city and it’s the perfect time to bring this Manchester icon back to life. All the previous owners have been great custodians of this historic site and we want to build on what makes it special and deliver a hospitality experience that stands alongside the best in the world.
“We are already opening conversations with operators who share that ambition to bring something bold and exceptional to our city. We know it is a high-profile platform for a hotel brand that can compete on the international stage and significantly strengthen Manchester’s hospitality offer. We’ll be sharing more exciting news about the hotel in the coming months.”
Ritchie Watson, Corporate Sales Director at Together, added:
“Trinity North has secured one of the many jewels in Manchester’s crown and we are delighted to have supported the acquisition of this landmark hotel in Manchester. It’s an exciting opportunity for a new highly experienced operational team to deliver one of the region’s most sought-after hospitality offerings.
“As a lender with deep roots in the North West, we’re beyond proud to support investment that contributes to Manchester’s continued regeneration and growth. The city has a fantastic track record of reinventing and repurposing its property, and landmark buildings like this have an important role to play in its next chapter.
“By continuing to back experienced businesses with funding to invest in these assets, together, we can help unlock potential and support the continued development of Manchester as a place to live, work and visit.”
