• Park Inn St Helens sold

The Park Inn St Helens has been sold to Balaji Hotels, for an undisclosed sum off an asking price of £4m.

The 84-room hotel between Liverpool and Manchester is the third hotel acquired by Balaji Hotels since its launch in 2009. Jeremy Jones, director at Christie and Co, which handled the deal, said: "This latest substantial sale is further proof that the regional UK hotel market is functioning. As long as buyers are realistic about their pricing aspirations, funded buyers will perform."

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