Shankly Hotel, the hotel named after one of Liverpool’s most loved sons has been placed in administration.
The parent company, Signature Living is reported as ‘unaffected’ by the process.
London firm, Duff & Phelps have been appointed as administrators of the Signature Shankly Ltd.
Signature Shankly’s parent company, Signature Living said in a statement: “Due to Covid-19 and government guidelines the Shankly Hotel ceased trading with immediate effect.
“We are all facing unprecedented times and the impact of this pandemic on our business has forced us to make some immediate and difficult decisions.
“The operating company remains completely unaffected. It will be business as usual for the Shankly Hotel as we are fully committed to our staff, suppliers, future events and guests. We look forward to opening our doors as soon as it’s safe to do so.”
The news has created concerns for investors in the hotel however despite the reassurances. Investors were already having difficulties with repayments on money invested in the hotel.
Local press have been quick to report and although their sources remained unnamed, expressed their worries.
The Liverpool Echo reported one investor saying: “This investment represents my life savings. I’ve worked all my life, paid my taxes and as a single parent, I’m proud of my past achievements.
“But right now, I feel like everything I’ve worked towards has been snatched away.”
