EasyHotel has confirmed the completion on the acquisition of a leasehold in Cardiff for a 120-room hotel after it was granted planning permission.
The hotel group also announced a further 174 rooms made up of five under development by its Swiss franchisee.
The group announced on 30 October 2017 the acquisition of a freehold site in Cardiff with planning permission for a 120-bedroom hotel having now been granted. Development work for the new purpose-built site, which is located at Fitzalan Place, close to Cardiff Queen Street Station will now begin and the hotel is anticipated to open in the 2019/20 financial year.
The group also confirmed that it has signed an agreement for the development of a further 174 rooms in Switzerland with four hotels to be developed in Zurich and a further hotel in Basel.
The hotels are being developed by the Group’s Swiss franchisee and are anticipated to open over the course of the next 14 months.
Providing a pipeline update, EasyHotel said in a statement: “EasyHotel Belfast will open on 10th August, taking the total number of hotels in the group’s portfolio to 29. With the addition of the new hotels in Switzerland, the Group’s development pipeline currently includes 1,280 owned/lease rooms and a further 1,956 franchise rooms now under development.”
