EdgeProp - RealVantage completes acquisition of Manchester heritage hotel
Singapore-based real estate investment platform RealVantage has announced the completion of its acquisition of The Heathcote Hotel, a freehold heritage hotel in Manchester, UK.
SINGAPORE, Mar. 10, 2026 /EdgeProp/ – Singapore-based real estate investment platform RealVantage has announced the completion of its acquisition of The Heathcote Hotel, a freehold heritage hotel in Manchester, UK. The purchase was done in partnership with London-based real estate investor Oberland.
In a March 10 announcement, RealVantage says the transaction represents a total capitalisation of GBP14 million ($24 million), with the firm holding a 85% equity stake. Oberland holds the remaining 15%.
Situated in prime central Manchester, at 107 Piccadilly, The Heathcote Hotel formerly operated as Abode Manchester. It is listed as a Grade II building under the National Heritage List – the UK’s register of protected historic buildings and sites. Spanning approximately 50,000 sq ft, the hotel was originally built in 1899.
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Following its acquisition, the hotel will temporarily cease operations in April this year to undergo a six-month refurbishment that will increase its rooms from 61 to 78, alongside upgrades to public areas, bar, restaurant and guest rooms. The soft launch for the revamped hotel is targeted for October.
Following the completion of the hotel’s refurbishments, RealVantage says it will actively manage the investment for 12 to 18 months, seeking to optimise operating performance and value realisation. The firm is projecting to deliver a net internal rate of return of 16% to its platform investors, over an expected investment period of 36 months.
“RealVantage’s heritage-centric value creation and repositioning strategy for The Heathcote Hotel combines thoughtful preservation of historical architectural elements paired with modern amenities and facilities in order to capture premium demand from leisure and business travellers,” says Keith Ong, co-founder and CEO of RealVantage.
This represents RealVantage’s second transaction with Oberland. In April 2025, the companies jointly acquired the 59-room Arthouse Hotel in Glasgow, Scotland, for GBP12 million ($20.5 million). RealVantage holds an 85% stake in the hotel, while Oberland holds 15%.
About RealVantage
RealVantage (operating as RV SG Pte. Ltd. in Singapore) is a leading real estate co-investment platform, licensed and regulated by the Monetary Authority of Singapore (MAS), that allows our investors to diversify across markets, overseas properties, sectors and investment strategies.
The RealVantage team comprises professionals across real estate, corporate finance, technology, venture capital, and startup growth. The platform combines institutional deal sourcing with structured underwriting and portfolio diversification capabilities. The team is led by a distinguished Board of Advisors and advisory committee who provide cross-functional and multi-disciplinary expertise to the RealVantage team.
The company's philosophy, core values, and technological edge help clients build a diversified and high-performing real estate investment portfolio.
Get in touch with RealVantage today to see how they can help you in your real estate investment journey.
Disclaimer: The information and/or documents contained in this article do not constitute financial advice and are meant for educational purposes. Please consult your financial advisor, accountant, and/or attorney before proceeding with any financial/real estate investments.