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Hotels group planning to open several in Belfast posts surge in its profits

By John Mulgrew

A developer planning to open several hotels in Belfast - including a George Best-themed one - has seen profits more than triple to £5.6m.

And Signature Living Group, headed by Liverpool man Lawrence Kenwright, saw turnover rise from £3.6m to £8.3m, according to its latest accounts for the year to March 31.

The group also purchased the listed Scottish Mutual Building in Belfast for just over £6m, and plans to invest a further £15m turning it into a hotel.

Mr Kenwright recently bought the former Crumlin Road courthouse, which he plans to convert into one of five hotels in the city.

The latest results include his four hotels in Liverpool, including The Shankly.

"Signature Living has experienced remarkable growth, and our investors, stakeholders and hard-working employees are delighted with the results," he said.

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