Merseyside entrepreneur buys Southport hotel

A hotel in Southport that was rescued from administration in 2012 has been acquired by a Merseyside entrepreneur.

Rainford businessman Andrew Mikhail, of property investment and development firm AM Investments Ltd, has added the Bold Hotel on Lord Street to a list of interests that includes Haydock energy installation firm SolarKing UK and Marques of Distinction, a car dealership in St Helens.

Hotel management company Onecall Hospitality was appointed as the site’s managing agent in 2012 by real estate firm West Register, which bought the hotel out of administration.

Since then, Onecall has overseen a £300k revamp to create a new function suite and open-plan dining and bar area.

Onecall director Mark Chambers said: “The Bold Hotel is one of the best known hotels in Southport and was a well-respected amenity but loss making at the time of our appointment.

“We have worked with the loyal staff team and it is now a profitable and well-managed establishment.”

He added: “We would like to wish manager Adam Draper and his team all the best for the future.”

Situated in Southport’s main shopping area, the Bold Hotel comprises 23 ensuite bedrooms.

Commercial real estate firm Colliers International acted as the agents during the sale.