Developer secures seven-figure funding for Ormskirk aparthotel

Plans to convert the former Ormskirk Magistrates building into 23 luxury apartments are set to progress after a £1.6m loan was secured.

The refurbishment and extension to the original 1850s building is expected to cost around £3m and the hotel will support around 100 new jobs for the town. It is hoped the hotel will open before the end of next year.

Once complete, the boutique hotel on Derby Street will offer apartments complete with en-suite bathrooms, living space and kitchenettes. The old courtroom and cells will be transformed into a restaurant and bar called the Alibi, for use by guests and the wider community.

The new finance has been provided by the Lancashire’s Growing Places Fund, which is managed by the Lancashire Enterprise Partnership (LEP).

Max Walker-Williams, Walker & Williams director, said: “I am thrilled the LEP has agreed to back this project through its Growing Places Fund, and that they recognise the huge benefits the redevelopment of the former court house will bring to Ormskirk. Not only will we revitalise one of the town’s most beautiful historic buildings, we’ll also provide new jobs for local people and create an exciting new destination for visitors and locals alike."

Debbie Francis, chair of the LEP, said: “The Growing Places Fund is designed to help kick-start new developments, or get stalled schemes back on track, which have the potential to generate both economic and social value to the wider community.

“By supporting the Ormskirk Court Hotel we are not only enabling the creation of local jobs, we are helping to boost the town’s hospitality and leisure offer. It’s also anticipated that the scheme will help meet Edge Hill University’s need for more high-quality accommodation in West Lancashire, which will be another major benefit to the region.”

Vincents Solicitors assisted aparthotel developer Walker & Williams in securing the loan. Corporate and commercial director Michael Sandys and commercial property director Craig Aikman provided support.

Craig Aikman, who has worked with Walker & Williams on two previous hotel acquisition and funding agreements, said: "We know the quality that Max and his team will deliver and it will be really exciting to see the hotel open and bring the boutique hotel experience to Ormskirk town centre.”