Class of 92 looking for hotel investment
Hotel Football opened in March 2015
- Published
The Class of 92 and co-owner Peter Lim are looking for strategic investment into Hotel Football.
The hotel, situated barely 50 yards from Old Trafford, has become a popular matchday venue for Manchester United fans since it opened in March 2015.
Lim owns 75% of the hotel, with the Class of 92 having the remaining 25%.
Hotel Football's latest accounts show it made a loss of £601,000 to 31 December 2023, although it generated a healthy operating profit of £590,430 and recorded a 21% growth in revenues.
The investment is required for improvements to the cafe area, bedrooms and corridors. The search is in its very early stages, with sources confirming privately the ownership is open minded about the size and type of investment and whether it would result in a partial sale of the company.
It is being stressed the move is completely different to the backdrop that led to a new ownership group, which includes former United stars David Beckham and Gary Neville, that took over at League Two Salford City last month.
Unlike Salford, Hotel Football does not require investment to help with day-to-day running costs. And, while he decided to pull out of Salford, Lim is happy to retain a significant interest in Hotel Football if negotiations allow.