CHI to manage tower apartments in Liverpool

Malta-based hotel operator CHI Hotels and Resorts (formerly Corinthia Hotels International) has signed a 20-year agreement with Vermont Developments of the UK to manage and operate 66 apartments forming part of a £100 million Liverpool waterfront scheme.

CHI, the European joint venture partner of hotel giant Wyndham Hotel Group, owners of the Ramada brand, will operate the units as apartment-suites alongside the four-star Ramada Plaza hotel already being built at the site.

The units are located in The Tower element of the scheme, a graceful 22-storey glazed building called Sefton Street: The Quarter.

Vermont's scheme, located at the junction of Sefton Street and Parliament Street, has already established a reputation for defying the residential market slowdown - 83 per cent of the 187 apartments in the first phase of the scheme have been sold.

The Quarter, which is a joint venture between Vermont Developments and Ethel Austin Properties, is one of Liverpool's most eagerly anticipated new destination developments.

The mixed-use scheme will form a dramatic southern gateway into Liverpool's city centre, featuring the residential tower, office accommodation, retail and leisure space and a new public square.