Date: August 2018
Location: The Lume, Oxford Road, Manchester, UK – opening September 2018
Name: Crowne Plaza Manchester – Oxford Road and Staybridge Suites-Oxford Road
No. of Keys: CP – 212; Staybridge – 116 studio and one bedroom suites – 328 in total
Buyer: M&L Hospitality and managed by Cycas Hospitality.
In January 2017, M&L Hospitality, the Singapore-based real estate investment group, expanded its European portfolio with two new acquisitions in Prague and Amsterdam respectively. Those new additions brought M&L Hospitality’s total portfolio to 18 properties globally, nine of which are in Europe, and six in Australia. The full portfolio is valued at close to SGD $2.5 billion.
Neil Maxwell is Chief Executive Officer of M&L Hospitality.
The Crowne Plaza will occupy the lower 12-storeys, and features guest rooms, a 120-seat restaurant, bar, fully equipped 24-hour gym, club lounge and seven meeting rooms able to cater to over 200 delegates.
The extended-stay brand Staybridge Suites, which is making its Manchester debut, is located on the upper seven floors. Offering 116 modern studio and one-bedroom suites.
Staybridge Suites guests also have access to a terrace on the 18th floor with panoramic views of Manchester, access to the 24-hour gym, laundry facilities and complementary hot and cold buffet breakfast in the “Hub” kitchen.
The brand also hosts ‘The Social’ three evenings a week, an informal opportunity for guests to mingle and get to know their on-site team over complementary drinks and nibbles.
The Lume hotel development is located within the Oxford Road corridor which boasts a workforce of 60,000 people and is home to The University of Manchester, Manchester Metropolitan University and Manchester University NHS Foundation Trust.
THPT Comment: Continued great progress for both companies (M&L and Cycas), another inventive use of the dual-branding development for IHG and a welcome new addition for the Manchester hotel offering.
First Seen: The Business Desk