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IP Investment Management, a Hong Kong-based real estate investment management firm, and Maven Capital Partners, a UK real estate and private equity manager, have teamed up to build Manchester’s first Hampton by Hilton hotel.
The company is Maven’s first hotel collaboration with IPIM, having previously worked together on eight student housing developments in the UK.
Hampton by Hilton, Manchester, is Maven’s eighth hotel development in the UK and expands a hotel portfolio that includes brands such as the Indigo Hotel, Ibis Styles and Travelodge.
The newly constructed Â£ 24.6million hotel was designed by Tim Groom Architects, with Create Construction as prime contractor, alongside sister company Create Developments, both of which are North West development experts, Create Group.
The 221-room, nine-story hotel is the latest to join Hampton by Hilton’s growing portfolio, which includes 31 existing properties in the UK.
There are over 2,500 Hampton by Hilton hotels in 29 countries around the world.
The hotel operates under a franchise agreement with Hilton and a hotel management agreement with RBH, an independent hotel management and services company operating a diverse collection of branded and private label hotel properties across the United Kingdom.
RBH currently operates over 45 hotels across the UK, three of which are on behalf of Maven.
Located at 41 Rochdale Road, the property is well positioned to serve both business and leisure travelers staying in Manchester’s vibrant North Quarter, which features colorful artwork, independent record shops and some of the cultural venues. the most emblematic of the city.
Manchester’s popular Arndale Shopping Center is a seven-minute walk away. The AO Arena, formerly The Manchester Arena, is a 12-minute walk from the hotel, which has the largest seating capacity of any indoor venue in the UK.
Additionally, the National Football Museum is located nearby, the Etihad Stadium is located 2.5 miles to the east, and Manchester United FC is located 3.5 miles to the southwest. The Printworks, which has restaurants, bars, nightclubs, a cinema and a gym, is located half a mile to the south.
Colin Anderson, Partner at Maven, said: âWe are delighted to continue our partnership with IPIM and are delighted to add Hilton to our branded stable for our first development in Manchester.
âThe new Hampton by Hilton is located in a superb location with a multitude of attractions nearby, and it will cater for the growing number of visitors coming to the area for leisure and business, as well as help improve the quality. from the city. Dynamic North Quarter.
Selina Williams, Executive Director of IP Investment Management, said: âI am very happy to continue our relationship with Maven by partnering with them for our first hotel development.
âDespite the opening amid what is one of the most difficult years on record for the hospitality industry, we are optimistic for the future. Manchester is undoubtedly the second largest city in the UK with a bright future as part of the Northern UK Power Station.
Graham Dodd, Managing Director UK & Ireland Development at Hilton, said: âIt is a pleasure to see Manchester’s first Hampton by Hilton property completed and one more step towards welcoming its first guests. .
âThe northern part of the city is booming and the addition of this hotel will further stimulate the region’s growing economy. We are confident that the high quality accommodations, value-added amenities and attentive service for which the Hampton brand is known will prove popular with locals and visitors alike.
Adrian Tottey, General Manager of Create Construction, said: âCongratulations to everyone involved in making this exceptional hotel project a reality. The COVID-19 pandemic created a harsh environment during construction and it was thanks to the professionalism and expertise of the team that the hotel was finished to such a high standard.