Date: November 2018
Location: Close to both Liverpool’s Lime Street and Central railway stations
Name: Moxy Liverpool City Centre – opening 2020
No. of Keys: 153
Buyer: Developer Niveda Realty with Cycas to manage.
The property will be the third Moxy managed by Cycas, which already handles sites in Amsterdam and Slough. In Liverpool, the group has operated a Staybridge Suites, since 2008.
Cycas Hospitality has signed a management contract with London-based real estate development and investment firm Niveda Realty and Marriott International to operate the new Moxy Liverpool City Centre.
Due to open in 2020, this will be Cycas’s first stand-alone Moxy hotel in Europe, having previously coupled the millennial-focused brand with the longer-stay focused Residence Inn to create double-decker hotels in Amsterdam and Slough.
This opening strengthens Cycas’s – the hotel management company, strategy to triple its European portfolio by 2022 to cover mainstream as well as extended-stay hospitality sectors.
The hotel will incorporate meeting room and gym space, and will have Moxy’s signature combination of stylish design and approachable service, offering modern-day essentials such as fast and free WiFi and internet TV streaming capabilities, all at an affordable price point.
Asli Kutlucan, Senior Partner Acquisitions & Development at Cycas Hospitality, said: “Cycas started its journey a decade ago in Liverpool and we are thrilled to be expanding our footprint in this vibrant destination at a time when its regeneration projects have cemented the city’s position as a key destination for tourists and businesses alike.
Bhavik Jayendrakumar Shah, Director at Niveda Realty, added: “Our understanding of the evolving real estate market and travel trends prompted us to develop this prime property into a modern hotel, and we believe Moxy’s blend of character, comfort and community will help us meet the demands of this burgeoning city.
We remain committed to delivering many more exciting hotel projects in partnership with Cycas Hospitality and Marriott International within the UK and beyond.”
THPT Comment: We’re a big fan of Cycas…and they keep developing as promised.
First Seen: Cycas website