Operator Sought to Lease New-Build With 75 Serviced Apartments and 280 Room Poshtel, Birmingham UK

Location: St James House, Birmingham, West Midlands, UK

Name: TBA – Operator Choice

No. of Keys: 73 Serviced Apartments and 280 Room Poshtel 

The Property: Project Eagle…the owner will redevelop the current office building and seeks an operator to take a 20-25 year lease upon completion, in 2021.

Ground floor will be commercial space

First floor Back of House

Second floor – Reception, Cafe, Dining/Lounge area, Gym and Back of House

Floors 3-6: 280 hotel/hostel beds: 40 two beds – avg 16sqm; 12 six beds – avg 26sqm; 16 eight beds – avg 42 sqm

Floors 7-10: 65 studio apartments – avg 22sqm; 8 one bed apartments – avg 33sqm

Total GIA – 5,568 sqm; Total NIA – 3,971 sqm

The property is located just south of the Birmingham Hippodrome and the Mail Box, in the centre of Birmingham.

Poshtel here refers to the generic concept of hostel merging into hotel – i.e. a posh hostel!

Main Photo: The location of Project Eagle

Tenure: 20-25 year lease. Planning consent for C1 use to be submitted in first quarter 2020

Brand/Management: Open to leaseholder

Financials: TBA

Current Owner: Developer/property company

Agent: MRP in partnership with The Hotel Property Company

Guide Price: 

Guide Price per Key: 

Date Posted: February 2020

THPT Comment: This is a great opportunity to add a serious hotel/serviced apartment operation to your portfolio in Birmingham, the UK 2nd city.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.