‘An exciting new chapter’: Winston Zahra welcomes approval of Manchester Hotel expansion

Manchester City Council has given the green light to a major expansion of the Stock Exchange Hotel, the luxury city-centre property co-owned by Hotelier Winston Zahra alongside Gary Neville and Ryan Giggs.

The approved plans will see the conversion of the nearby Norfolk House office building into a 95-room hotel and spa, significantly increasing the group’s footprint in the city.

Mr Zahra, co-owner of the Stock Exchange and founder of Troo Hospitality, said today:

“We are thrilled that planning approval has been granted for Stock Exchange Suites. This development represents an exciting new chapter for us – expanding what we already do so well while staying true to the character, heritage and intimacy that define the hotel.”

The extension will operate as a direct complement to the existing Grade II-listed hotel, introducing new accommodation, wellness and hospitality facilities while remaining distinct from the historic main building.

According to the approved proposals, the four-storey development will feature 95 additional guest rooms, designed across three suite sizes, alongside a gym, spa, resident lounge, and a public restaurant and bar. The project also includes upgrades to the building’s façade, including new windows, external planters and a redesigned entrance.

Mr Zahra said the success of the Stock Exchange Hotel to date had reinforced confidence in further investment.

“We have been delighted by the reaction to Stock Exchange Hotel and the success it has achieved to date, as well as the impact it has made within the city. The Suites will offer guests more space, more comfort and more ways to enjoy their stay – whether it’s for business or a leisure break,” he said.

The Norfolk House building is currently mostly unoccupied, with existing short-term tenants expected to vacate ahead of redevelopment. The proposals include the retention of the two storey car park which lies beneath the budding and offers much needed parking in the prime city centre location of the property.

The Stock Exchange Hotel has established itself as one of the UK’s most high-profile boutique hotels, attracting international performers and high-profile visitors, and was recently included in The Times’ list of the 100 best places to stay in the UK.

Rooms at the hotel start from £295 (€336.91), with premium suites priced up to £2,500 (€2,855.17) per night, and the penthouse suite commanding rates from £4,500 (€5,139.31), per night.

Construction on the project is expected to start in January 2026 and be completed by March 2027. The project marks a further expansion of TROO Hospitality’s presence in the UK which includes another 12 hotels across the UK under Mr Zahra’s leadership.