The Courier & Advertiser (Fife Edition)
Suites complete £24m development
The owners of Dundee’s Hotel Indigo have completed their sister development of 85 serviced apartments.
Staybridge Suites sits beside Hotel Indigo and completes Percor Capital’s £24 million project to convert the Grade A listed building which formerly housed the Baxter Brothers linen mill in Constable Street.
The development is a mixture of studio and one-bedroom flats, some of which are on split levels.
The apartments come with fully equipped kitchen and laundry facilities, as well as a gym and regular social events for residents.
Percor Capital director Jean-Pierre Permutt said: “Indigo Hotel and Staybridge Suites are franchises we’ve taken from the Intercontinental Hotels Group.
“Indigo is a four-star boutique lifestyle hotel designed for short stays whereas the Staybridge Suites are designed for a longer-term customer.
“The suites are for people with more residential type needs – contractors based up here who need a home from home with all the usual trimmings you would want.
“It’s got all the benefits of a hotel but a ‘home-from-home’ feel.
“We think it’s an interesting proposition – the design is modern and functional, sitting within a classic building.
Many of the suites enjoy original features including brick ceilings and iron beams.
Mr Permutt said bookings for Hotel Indigo were in line with expectations since it opened in July.
“We are delighted with the development and how they have turned out.
“As an investment, it’s early days. “The Indigo has barely been open six months but all the indices are pointing in the right direction.
“We are committed to this investment for years to come.”