EasyHotel announces Cambridge property

EasyHotel announces Cambridge property

Cambridge is the latest location to gain a “super budget” easyHotel.

The company has signed a 25-year lease on a site in the city to develop a purpose-built property, subject to planning permission.

The 100-room hotel is expected to open in 2019 less than a mile from the city centre.

Cambridge will be the group’s third leased site. The hotel will be let on a 25-year FRI (fully repairing and insuring) lease at an annual rent of around £625,000.

The hotel will be developed by MP Merchant, in line with easyHotel’s specifications.

The chain’s chief executive Guy Parsons said: “Having recently completed a successful fundraising to fund the acceleration of our owned hotel portfolio, this announcement is a clear signal of our intent and ambition to expand our development pipeline, targeting popular business and leisure city centre locations.

“The Cambridge site takes easyHotel’s pipeline of owned/leased development projects to 1,041 rooms, adding one of the UK’s most thriving and popular cities to our network.

“The board looks forward to announcing further opportunities in due course.”


This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.

More in accommodation