AccorHotels' HotelInvest division eyes UK growth opportunities

AccorHotels' HotelInvest division eyes UK growth opportunities

More than £160 million is to be spent by the HotelInvest division of AccorHotels on five new hotels in the UK.

The properties will add to the French group’s existing UK portfolio of 97 properties representing 15,395 rooms.

The investments include a flagship Novotel at Canary Wharf, London, which at 39 storeys will be the world’s tallest Novotel, providing 313 rooms from January 2017.

The other properties are:

  • A 120-room ibis Styles at Ealing Apex, London, due to open in June 2016
  • A 231-room ibis in Cambridge (pictured), due to open in September 2016
  • A 146-room Adagio at Edinburgh Carlton Gate, due to open in January 2017
  • A 196-room ibis at Canning Town, London, due to open in September 2017

The company confirmed that it 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 distinct fields of expertise - HotelServices, a hotel operator and franchisor, and HotelInvest, a hotel owner and investor.

Hervé Deligny, chief operating officer of HotelInvest UK, said: “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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