The HotelInvest division of AccorHotels will open five new hotels in the UK in 2016 and 2017, it has announced.
HotelInvest will invest more than £160m in five upcoming properties to add to its existing UK portfolio of 97 properties (15,395 rooms).
These investments include the flagship Novotel at Canary Wharf, London, which at 39 storeys will be the world’s tallest Novotel, providing 313 rooms from January 2017.
Other properties added to its portfolio to date are:
- A 120-room ibis Styles at Ealing Apex, London, scheduled to open in June 2016
- A 231-room ibis in Cambridge, scheduled to open in September 2016
- A 146-room Adagio at Edinburgh Carlton Gate, scheduled to open in January 2017
- A 196-room ibis at Canning Town, London, scheduled to open in September 2017
HotelInvest’s focus will be on the growth of its portfolio and is seeking further development opportunities in the UK.
HotelInvest was formed in November 2013 when AccorHotels took the decision to split its business into two fields of expertise: HotelServices, a hotel operator and franchisor, and HotelInvest, a hotel owner and investor.
Since its formation, HotelInvest in the UK has restructured 32 properties including the successful completion of the Tritax portfolio and most recently the sale and franchise back of ibis Gloucester and ibis budget Bradford.
Hervé Deligny, COO of HotelInvest, UK, commented: “We have enjoyed a successful year restructuring our portfolio, and managing our existing assets to increase their profitability. Whilst focusing on the Asset Management of our hotels, we continued working on development opportunities and are adding great hotels in exceptional locations to our portfolio.
“We remain focused on seeking additional growth opportunities and we are very much in the market to buy more hotels in the UK.”
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