Malta-based hotel operator CHI Hotels & Resorts (formerly Corinthia Hotels International) signed a 20-year agreement with Vermont Developments of 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 tier.

CHI Hotels & Resorts, the European joint venture partner of hotel giant Wyndham Hotel Group, owners of the Ramada brand, will operate the units as apartment-suites alongside the four-star Ramada Plaza Hotel already 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.

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 graceful 22-storey residential tower, office accommodation, retail and leisure space and a new public square.

Vermont Developments has also confirmed that it has put on hold plans to commence its £40m mixed-scheme at Adelphi Street in Salford in the short term. The proposed scheme features 221 residential units.