Billionaire Peter Lim invests in Manchester United legends’ Hotel Football
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
The Lansdowne Club
Uncapped Earning Potential
Mayfair, London, UK
star job
Lancaster University
Competitive
Lancaster, UK
LeisureForce
IRO £3,500+ per month
East Coast of Saudi Arabia
star job
Coach Gyms
£15k basic + commission + Bonus
Leeds, UK
Armathwaite Hall Hotel & Spa
Competitive
Keswick, UK

Billionaire Peter Lim invests in Manchester United legends’ Hotel Football

Job opportunities
Lancaster University
Competitive
location: Lancaster, UK
CEO
Moray Sports Foundation
Package circa £60k
location: Moray Sports Centre, Elgin, Scotland, United Kingdom
LeisureForce
IRO £3,500+ per month
location: East Coast of Saudi Arabia
more jobs

Singapore-based real estate and investment company Rowsley – controlled by billionaire Peter Lim – has acquired a 75 per cent stake in Hotel Football in Manchester, the hotel project driven by a quintet of Manchester United legends.

In a statement, Rowsley said it will pay £29.1m (US$64.1m, €39.7m) to acquire a 75 per cent shareholding in each of the Hotel Football-related businesses – the 133-bedroom hotel; Cafe Football, a 120-seat restaurant in east London; and GG Collections, the hotel management company that manages Hotel Football and Cafe Football.

Hotel Football is the brainchild of five members of Manchester United’s famed “Class of 92” group of players – Gary Neville, Ryan Giggs, Paul Scholes, Nicky Butt and Phil Neville.

The deal further strengthens the business ties between Singaporean Lim and the former Man Utd players. The entrepreneur and the five players already jointly own Salford City Football Club, a semi-professional outfit which the owners hope to steer into the Football League within the next five years.

The 8,000sq m (86,111sq ft) Hotel Football – designed by AEW Architects – features its own rooftop football pitch, while Café Football boasts a menu designed by two-starred Michelin chef Michael Wignall.

According to Rowsley CEO Lock Wai Han, the deal will be “the first among others” that will pave the way for the company’s entry into the hotel real estate and hotel management business.

“Our strategy is to develop and acquire good hotels in choice locations,” said Wai Han.

“In hotel management, we aim to build a globally-recognised brand through management contracts with the group’s hotels, as well as those outside the group. Hotel Football has been very well received since it opened for business in March and we look forward to building on its early success.”

Gary Neville added: “This is an exciting opportunity for Hotel Football and the city of Manchester.

“To be able to use and harness Rowsley’s enormous knowledge and expertise is unbelievable. When we dreamt of building Hotel Football, we knew exactly what we wanted it to be: a unique place where like-minded individuals could gather and Old Trafford Supporters Club was part of that vision.

“However we also knew that we would need a restructure within the company in order to facilitate the growth in our hospitality and leisure interests.”

• Separately, Rowsley has also signed a partnership agreement with The Jackson's Row Development Partnership – which comprises Gary Neville and Ryan Giggs; Manchester City Council and entrepreneur Brendan Flood, one of the owners of Burnley Football Club – to develop a major new mixed-use scheme in Manchester city centre.

The deal will see Rowsley invest £40m for a 75 per cent stake in the St Michael’s mixed-use development project in the centre of the northern city.

The £200m St Michael's project will comprise a five-star hotel, luxury apartments, prime office space as well as restaurants and bars on a 0.58ha site. Beijing Construction Engineering Group will own 21 per cent of the project and construction is expected to begin in the second half of 2016 with an opening slated for 2019.

Sign up for FREE ezines & magazines
Singapore-based real estate and investment company Rowsley – controlled by billionaire Peter Lim – has acquired a 75 per cent stake in Hotel Football in Manchester, the hotel project driven by a quintet of Manchester United legends.
CLD,SAR,PRO,ARC,DES,DEV,INV
636200_639540.jpg

More News

1 - 15 of 43,228
16 Apr 2021
Health clubs and gyms will be able to open their doors to individual training sessions on 30 April. As with other home nations, however, indoor ... More
15 Apr 2021
As health clubs and gyms reopen following lockdowns, it is "absolutely crucial" operators take a tough stance when it comes to enforcing social distancing and ... More
15 Apr 2021
IHRSA and Fitness Brasil say they have signed a partnership agreement that will see the two organisations working together on industry events for 'at least ... More
14 Apr 2021
EuropeActive has joined the All Policies for a Healthy Europe (APHE) initiative, as part of its strategy to increasingly engage with EU health policymaking. Launched ... More
14 Apr 2021
Lack of exercise is a major cause of death from COVID-19, according to new research, with only advanced age and organ transplant leading to greater ... More
13 Apr 2021
World Leisure Organization (WLO) has opened the entry process for its International Innovation Prize. Now in its ninth year, the award celebrates organisations that have ... More
FreeMotion Fitness
FreeMotion Fitness
13 Apr 2021
Alton Towers theme park in the UK will offer visitors the opportunity to indulge in some 80s nostalgia when it launches three "retro" rides this ... More
12 Apr 2021
Health clubs, leisure centres and studios in England have opened today (12 April) for the first time during 2021. Some opened their doors to exercisers ... More
11 Apr 2021
A major new initiative will look to strengthen and unite the fitness industry's voice in influencing policy and policymakers in the US. The National Health ... More
09 Apr 2021
A parliamentary report is calling for a £3bn intervention fund to build back better health as we come out of the COVID-19 pandemic. The report, ... More
09 Apr 2021
The coronavirus pandemic has resulted in visits to the world's top 100 museums and galleries falling by three quarters. According to an annual survey, conducted ... More
09 Apr 2021
Leisure centre operator Everyone Active has formed a partnership with WW (formerly called Weight Watchers), which will see the two combining their exercise and dietary ... More
Venueserve UK Ltd
Venueserve UK Ltd
09 Apr 2021
Adults suffering from chronic pain should be advised to take exercise, rather than be prescribed painkillers, according to new guidance from the National Institute for ... More
08 Apr 2021
As health clubs and fitness studios in England are counting the hours down to reopening day on Monday 12 April, PureGym has announced it will ... More
07 Apr 2021
Empowered Brands, the franchise investment business that acquired énergie Fitness out of a CVA in June 2020, has announced plans to accelerate the roll-out of ... More
1 - 15 of 43,228
Active IQ
Active IQ