RealVantage completes acquisition of Manchester heritage hotel

Kalynskye Adrian

/ EdgeProp Singapore

March 10, 2026 4:28 PM SGT

kalynskye.adrian@edgeprop.sg

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The Heathcote Hotel at 107 Piccadilly in Manchester acquired by RealVantage and Oberland. (Photo: Heathcote Hotel)

Singapore-based real estate investment platform RealVantage has announced the completion of its acquisition of The Heathcote Hotel, a freehold heritage hotel in Manchester, UK. The purchase was done in partnership with London-based real estate investor Oberland.

In a March 10 announcement, RealVantage says the transaction represents a total capitalisation of GBP14 million ($24 million), with the firm holding a 85% equity stake. Oberland holds the remaining 15%.

Situated in prime central Manchester, at 107 Piccadilly, The Heathcote Hotel formerly operated as Abode Manchester. It is listed as a Grade II building under the National Heritage List – the UK’s register of protected historic buildings and sites. Spanning approximately 50,000 sq ft, the hotel was originally built in 1899.

Following its acquisition, the hotel will temporarily cease operations in April this year to undergo a six-month refurbishment that will increase its rooms from 61 to 78, alongside upgrades to public areas, bar, restaurant and guest rooms. The soft launch for the revamped hotel is targeted for October.

Following the completion of the hotel’s refurbishments, RealVantage says it will actively manage the investment for 12 to 18 months, seeking to optimise operating performance and value realisation. The firm is projecting to deliver a net internal rate of return of 16% to its platform investors, over an expected investment period of 36 months.

“RealVantage’s heritage-centric value creation and repositioning strategy for The Heathcote Hotel combines thoughtful preservation of historical architectural elements paired with modern amenities and facilities in order to capture premium demand from leisure and business travellers,” says Keith Ong, co-founder and CEO of RealVantage.

This represents RealVantage’s second transaction with Oberland. In April 2025, the companies jointly acquired the 59-room Arthouse Hotel in Glasgow, Scotland, for GBP12 million ($20.5 million). RealVantage holds an 85% stake in the hotel, while Oberland holds 15%.

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RealVantage completes acquisition of Manchester heritage hotel

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