Four hotels to land at Airport City
MANCHESTER Airport will have FOUR new hotels on-site by 2021 –creating 1,200 beds and 500 jobs.
The new £180m hotel district, which is part of Airport City, will include two Hilton hotels, a Holiday Inn and Ibis Budget.
Cash from overseas is behind at least one of the projects after a London and Moscow-based real estate consultancy brokered a £4m investment into the Hilton Hotels on behalf of a Russian businessman.
Founded in 2012 by Alisa Zotimova, AZ Real Estate property consultancy specialises in advising primarily Russianspeaking clients seeking to invest in London and UK property.
The CEO said: “With an increasingly transient generation and globalised business environment, hotels are fast becoming some of the most reliable assets for investors with long-term potential. They UNRIVALLED FOR CHOICE & SERVICE represent an excellent opportunity in areas with guaranteed high footfall, and the combination of Manchester’s rapid growth and £1bn airport masterplan looks set to make this a highly successful transaction.
“The investment serves as further evidence of overseas investors increasingly looking beyond the confines of the capital’s residential asset class when it comes to portfolio expansion.
“The regions, particularly the likes of Manchester, Birmingham and Leeds are fast-becoming some of the UK’s most attractive and sustainable investment destinations as vast regeneration projects take shape.”
Earlier this year our sister paper, the M.E.N., reported that planning had been put in for two budget hotels on a site at the east of Terminal 2.
This was granted on July 30 by Manchester council for two seven-storey hotels on land at the junction of Palma Avenue and World Way, which is cur- FREE DELIVERY & ASSEMBLY rently a closed-down petrol station. A further two hotels have received planning permission and will be built behind the airport transport interchange next to the M56.
The 375-bed Hilton Garden Inn will be split across two wings and have a sky bar, garden lounge and fitness centre.
While the other is a 254bed Hampton by Hilton Hotel with direct links to the airport terminal and train station via a covered walkway.
The hotels are expected to welcome guests from 2020, forming part of a £100m development, Providence Mill Alexandra St I off Croft St Hyde I Cheshire SKI4 IDX which will further enhance the accommodation on offer at the airport.
It is understood that the £4m backing is part of a wider pool of overseas investment into the scheme, with the fund management process being overseen by Regency Project Management.
The scheme is being developed by Versant Developments and will form part of the wider hotel district at Manchester Airport.
Adam White, director of commercial and business Development, of MAG Property and Airport City ●● JV Partner, said: “Airport City Manchester continues to attract significant interest and the approved plans for a new £180m hotel district will deliver in the region of 1,200 new beds by 2021, with the creation of around 500 jobs during that time.
“Demand for additional hotel beds is underpinned by the increase in passengers, airlines and new routes at Manchester Air- OAK DINING port, so we are very pleased to welcome two Hilton hotel brands to Airport City, marking another major step-on in progress for this exciting new commercial business hub.”
Speaking of the investment Danilo Lacmanovic, Regency Project Management, added: “Manchester’s revival has been a real success story for the UK and investors are keeping tabs on the Opening Times: Mon to Sat 9:00am- 5:00pm Sun 10:00am- 4:00pm opportunities available across commercial assets in particular. The rapid growth of the tourism sector coupled with Manchester’s status as a leading business destination makes the Hilton Hotel one of the most attractive commercial investments in the region and we look forward to its opening.”
The Hilton Group has been contacted for comment. PRICE MATCH GUARANTEE SPECIALISTS IN SOLID OAK
Computer-generated images of proposed new hotels at the airport