The leading London-based real estate group has successfully secured £68.5M of fresh funding, facilitated by Coutts and Clydesdale Bank Plc for two flagship hotels in London and Oxford.
The hotel at 12-20 Osborn Street in Aldgate, formerly the Arbor City Hotel, was purchased by Dominvs Groupin October 2018 and planning was granted for a new larger hotel scheme on the site during Q4 2018. The new £48M of funding from Coutts covers the refinance of the original acquisition loan for the site and allows for the development of the new 118,000sq ft 278-key Hampton by Hilton London City hotel, with practical build completion scheduled for June 2023.
The new five storey Hampton by Hilton LondonCity hotel will comprise the refurbishment of the existing hotel plus a new-build extension, with the construction undertaken by leading contractor McAleer and Rushe. Alongside 278 rooms and suites, the new hotel will provide meeting, dining and events space including a cinema room and large function room.
Located in the historic centre of Oxford, close to the world famous Oxford University buildings and libraries, the Courtyard by Marriott Oxford City Centrehotel is situated at 15 Paradise Street overlooking the Castle Mill Stream canal on both sides. The hotel was completed in July 2019, with an 11-room extension opened in January 2020.
The six-storey hotel has a red-brick and glass façade with rooms and suites overlooking the canal and the ruins of Oxford Castle’s St George’s Tower. Alongside the Kitchen and Bar Restaurant and lounge areas the hotel has a spectacular rooftop cocktail bar and rooftop garden/terrace offering panoramic 360 degree views over Oxford’s stunning spires, domes and landmarks.