UK-based construction firm McAleer & Rushe has been appointed as the contractor for the £37.5m Maldron Hotel in Liverpool, UK.
Located at the junction of Liver Street and Park Lane, the new nine-storey hotel has been pre-let to Dalata Hotel Group on a 35-year lease.
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Valorem Investment Partners has signed an agreement with Aviva Investors, which will forward fund the development of Maldron Hotel on behalf of the Aviva Linked Property Fund.
The hotel will feature 260 rooms along with amenities including a bar and restaurant on the ground floor, a suite of meeting rooms on the first floor along with gym facilities.
It has been designed by architects Urban Innovations and will feature an internal courtyard and a façade of brickwork, glazing, solid and perforated metal panels.
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McAleer & Rushe stated that the Maldron Hotel will be designed to achieve a BREEAM Very Good rating.
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By GlobalDataIt will be situated in close proximity to city centre districts of the Albert Dockland, Liverpool One, and the Baltic Triangle.
Initial construction work on the hotel will commence in early 2022 and the hotel is anticipated to be operational in autumn 2023.
Dalata Hotel Group corporate development director Shane Casserly said: “We are delighted to see confirmation of the funding for this development and the appointment of McAleer & Rushe as the Building Contractor.
“Throughout the pandemic we have remained steadfast in our commitment to Liverpool and specifically this opportunity, this confirmation is testament to that commitment and the strength of our covenant in the Fixed Income Investment market.
“One Park Lane is a very strong location, close to Liverpool One, Albert Dock and within walking distance of all the city centre attractions.
“We look forward to working with our development partners, to deliver the Maldron Hotel Liverpool, a BREEAM Very Good rated property, in late 2023.”
The latest contract marks McAleer & Rushe’s ninth hotel development for the Dalata Hotel Group since 2011.
This includes four hotels currently under construction in Bristol, Dublin, Manchester, and Glasgow.
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Rendering of the new Maldron Hotel in Liverpool, UK. Credit: McAleer & Rushe.
