The former Red Devils also own Hotel Football by Manchester United's Old Trafford stadium
The business behind a luxury Manchester city centre hotel owned by Gary Neville and Ryan Giggs has seen its losses widen despite racking up record sales during its latest financial year, it has been revealed.
The Norfolk Street hotel, which is based in a Grade II-listed building completed in 1906, counts Gary Neville and Ryan Giggs as its sole directors. The results come after BusinessLive reported in August that the company had issued a new lot of shares worth £3.45m.READ MORE: The Co-op falls into the red as its sales are slashed by over £200m
A statement signed off by the board said: "The directors have continued their policy of investing in the hotel to improve operational performance and to promote the 'Stock Exchange' brand even post the pandemic year. "The directors appreciate that the financial year ending 31 December 2021 was not a normal year with the world still in the midst of a pandemic, even through business started to pick up. During this period, the hotel was open all year but the first six months of operation were hit drastically by the effects of the pandemic restrictions in place and this has obviously affected the financial figures of the business.
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