CHI Hotels & Resorts (formerly Corinthia Hotels International) has signed a 20-year agreement with Vermont Developments of the UK to manage and operate 66 apartments at the third phase of Vermont’s £100m Liverpool waterfront scheme, Sefton Street: The Quarter, under the Ramada Plaza brand .

CHI,as the European joint venture partner of the giant Wyndham Hotel Group, owners of the Ramada brand, will operate the units as apartment suites alongside the four-star Ramada Plaza hotel being built at the site. The units are located in The Tower element of the scheme, a graceful 22-storey glazed building.

The Vermont’s scheme, located at the junction of Sefton Street and Parliament Street, has already established a reputation for defying the residential market slowdown - 83 per cent of the 187 first phase apartments have been sold.

“This latest deal with Vermont Developments helps solidify an already excellent business relationship between our two companies” commented CHI Vice President - Development, Paul Pisani. “Together with the hotel rooms, the 66 additional serviced apartment-suites will increase our marketing options immensely. This entire project will no doubt also generate increased awareness of CHI in the UK as a leading hotel operator that already exclusively manages the luxury Corinthia Hotels brand worldwide and the Wyndham and Ramada brands in Europe, Africa and the Middle East.”

The Quarter, which is a joint venture between Vermont Developments and Ethel Austin Properties, is one of Liverpool’s most eagerly anticipated new destination developments. The mixed-use scheme will form a dramatic southern gateway into Liverpool city centre, featuring a 22-storey residential tower, office accommodation, retail and leisure space and a new public square.