Forty Seven, 47 Peter Street, Manchester, M2 3NG

Forty Seven represents a rare opportunity to acquire a landmark freehold hotel investment in one of Manchester’s most vibrant and sought-after locations. The Property is a detached former warehouse building, which was constructed in 1868 for the purpose of the cotton trade. We understand the Property was designed by the Manchester architectural practice, Walters, Barket and Ellis and it is now Grade II listed.

Developed and opened in 2023, the hotel has established itself as a high-quality boutique destination, blending contemporary luxury with the character and heritage of its Grade II listed building. Extending to approximately 17,000 sq ft (1,587 sq m), the property occupies a prominent position within Manchester’s thriving leisure, business and tourism district. The property comprises a luxury boutique hotel alongside a fully refurbished bar and restaurant investment, offering both operational income and significant long-term asset value.

Situated on the highly regarded Peter Street, one of Manchester’s most prestigious and vibrant city centre locations, renowned for its blend of historic character, premium leisure amenities and strong commercial appeal. Situated in the heart of the city, the street is home to an array of high-profile restaurants, bars, hotels and office occupiers, attracting a diverse mix of professionals, residents and visitors throughout the day and evening. The area also benefits from its close proximity to Manchester Central Convention Complex, one of the UK’s leading conference and exhibition venues, which hosts major national and international events throughout the year such as the Labour and Conservative Party Conferences, and generates significant footfall. With St Peter’s Square, Deansgate and Manchester’s principal retail and business districts all within walking distance, Peter Street remains one of Manchester’s most sought-after destinations for occupiers, investors and visitors alike.

The ground and lower ground floors are occupied by Tyga Restaurant and Bar, a stylish and extensively refurbished hospitality venue offering approximately 120 covers together with a private dining and events space accommodating up to 40 guests. The restaurant is let to Seth Leisure Manchester Limited, generating a contracted rental income of £150,000 per annum. At present, the hotel itself does not operate any of the food & beverage on site, other than mini bar sales.

The hotel provides 32 individually designed en suite guest bedrooms, finished to an equivalent four-star luxury standard. Accommodation includes 17 Cosy King rooms, 2 Accessible rooms, 6 Signature Suites and 7 Duplex Suites, all featuring premium specifications and design-led interiors that complement the building’s historic architecture.

The Property trades as a 4* boutique hotel. Due to its location within Manchester city centre, the target customer base is business guests during the week and leisure guests during the weekend. We understand that three two bed top floor suites were added in 2026. The total capacity of the building is now 32 beds.

We understand that 80% of customers visit the Property for leisure purpose and 20% for business. In respect of marketing, the business has a dedicated website,

The hotel is currently in partnership with World Hotels which gives its members exclusive access and privileges at participating World Hotels properties worldwide. This agreement can be cancelled before sale. The hotel operates as a high end boutique-style establishment, trading at effectively a 4-star level luxury hotel, focusing on high levels of service, design-led fit out and style.

Manchester continues to be recognised as the commercial and cultural capital of the North West, benefiting from outstanding transport connections, a diverse economic base and sustained inward investment. The city’s strong corporate presence, growing tourism market and international profile make Forty Seven an attractive opportunity for investors seeking exposure to one of the UK’s strongest regional hospitality markets.