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Hotel management company Fiveways Hospitality is looking for sites in London and key provincial cities in the UK to open 10 new Nitenite hotels, it has announced.
The Birmingham-based company, which manages Park Regis and Nitenite hotels in Birmingham, Holiday Inn Express in South Birmingham and Knowsley, and Pelham House, Lewes, has secured some funding to look at freehold, leasehold and joint venture opportunities.
Nitenite was the first purpose-designed and built pod hotel to open in the UK in 2006 and has been operated by an affiliated company to Fiveways Hospitality since 2013, when it was bought out of receivership from the original owners.
The company is currently looking for disused inner city retail space, redundant office space, basement car parks or where a hotel will be part of a mixed-use scheme.
The new Generation 2 Nitenite model has no windows and takes up around the space of a single parking space (6.8 sq metres for a double room).
Nigel Atkinson, principal director at Fiveways Hospitality, said: “We’ve recently developed a new, upgraded room and now we’re looking to expand the brand to London and into key cities such as Manchester, Bristol, Leeds, Nottingham and Oxford.
“Our Nitenite development team is ready to do site reviews and we’re offering flexible options for the investment approach. What makes Nitenite an attractive prospect is that the build price is also very competitive at around £41,000 per key, based on the 100-bedroom model.”
Sites need to be large enough to accommodate at least 100 rooms with about 10.6 sq metres floorspace for each room, as well as support and communal areas.
