As well as the 152-key Richmond, the group also operates the 96-bedroom Sleep Eat Love hostel, also in Liverpool, and the 30-bedroom Townhouse in Chester. Last year the group sold the Nourish spa and two cafés, Ameriesko and Love Thy Neighbour, all in Liverpool.

Steven Hesketh, founder and chief executive of Savvy Hotels, said: "We took our time with the design and branding process, as we were conscious that we wanted to get it right and ensure that it reflected our offering and our future ambitions in the accommodation sector. We've kept our core values at the heart of our new identity, and remain committed to providing our customers with a service that feels independent, local and family-orientated, but is accessible, professional and unintimidating. Hotels have always been my biggest passion, and I'm excited and optimistic about this next era for Savvy Hotels."