Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Real estate investor Dominus has sold the Courtyard by Marriott Oxford city centre to Millemont Capital Partners in a £74m deal.
The deal is the largest urban single-asset sale outside London this year, reflecting investor appetite for Oxford’s academic and corporate-driven hospitality market.
Dominus acquired the property in 2014 as part of its ongoing strategy to manage its portfolio and reinvest new value-add development opportunities. After securing permission to convert the site into hotel use, the investors delivered a 160-room hotel, including a newly completed roof extension supplying nine extra rooms. Operated under the Courtyard by Marriott brand since 2019, occupancy has consistently remained above 90%.
Preet Ahluwalia, chief executive of Dominus, said: “The successful development of the Courtyard by Marriott Oxford City Centre and seven years of exceptional trading reflects our ability to create value across the full project lifecycle, from investment through planning, development and operations. After 12 years of ownership, now is the right time for us to realise that value and reinvest the capital into new, value-add hotel asset management and development opportunities.”
The acquisition will be the second in Oxford for Millemont Capital Partners, reflecting “continued focus on securing high-quality, operationally resilient hotel assets in strong UK markets”, Ashley Shaw, chief executive of Millemont Capital Partners, said.
She continued: “With more than £150m of transactions completed in the first half of 2026, we remain committed to identifying opportunities that offer long-term value and growth potential. Oxford’s exceptional mix of leisure, academic and corporate demand makes it one of the most attractive hotel markets in the UK.
“We look forward to working closely with our operating partner, TROO Hospitality, to further enhance the asset’s performance and unlock its full potential. The acquisition also underscores our positive outlook on both the UK hospitality sector and the broader real estate market.”
