ECM Libra has announced that its UK subsidiary ECM Libra (Liverpool) Ltd and ECML (Liverpool) OpCo Ltd an indirect wholly-owned subsidiary of the company, entered into a business purchase agreement with Castle Street Liverpool LLP and CSL Opco Limited for the acquisition of Tune Hotel together with assets, letting business and the business of operating the trade for a total cash consideration of GBP4,500,000 (equivalent to approximately RM26,374,950)
The Hotel is a 3-star hotel with 100 en-suite guestrooms, an open lobby and a reception area arranged over ground and four upper floors and is strategically situated on the popular Castle Street in the heart of Liverpool City Centre. The Additional Property s a ground floor shop and basement.
The group said the acquisition is in line with and a continuation of the business diversification initiative whereby the Properties represent a further addition to the Group’s existing hospitality assets and allow the Group to diversify into foreign-based assets; and the Properties are located in the heart of Liverpool City Centre and are expected
