Manchester’s Ronaldo hotel delayed again
Construction of the long-awaited 151-bed Pestana Piccadilly could begin in late 2027, seven years after it was granted approval.
The 11-storey scheme is proposed for a site on the corner of Piccadilly and Newton Street. It would be operated under Pestana’s CR7 brand, backed by Portuguese footballer Cristiano Ronaldo.
The Feilden Clegg Bradley-designed hotel was approved in 2020 but has been impacted by a market downturn following the pandemic.
Two years ago, developer Southern Estates, a JV between Pestana and Eastern Estates, said it was committed to the project. Two years on, the partnership has reiterated its commitment while adding that the market has not yet improved enough to start the project.
As a result, Southern Estates is seeking permission from Manchester City Council to tweak the planning permission “to ensure the scheme remains deliverable in the context of unprecedented macro-economic conditions and delays associated with the complexity of the proposals,” according to a cover letter prepared by Deloitte.
Dan Whelan