Cycas moves into Scottish market with double IHG deal

Cycas Hospitality has signed a management agreement with Percor Capital to operate a dual-branded InterContinental Hotels Group (IHG) development in Dundee.

The deal reinforces Cycas’s long-established relationship as the largest operator of IHG’s extended-stay brand in Europe. Following the agreement, Cycas now operates six of the international hotel group’s eight Staybridge Suites hotels in the UK and a total of nine IHG-branded properties.

The 102-room Hotel Indigo and 85-room Staybridge Suites dual-branded hotel occupy a refurbished linen mill, with a bar and restaurant on the ground floor. The central development is a short walk from the high street and waterfront, with the hotels offering panoramic views across the city.

Wayne Androliakos, COO of Cycas Hospitality, said: “Having helped IHG develop its dual-branded proposition in Europe in time for the London 2012 Olympics, we’re delighted to welcome our fourth IHG brand and our first two hotels with Percor Capital into the Cycas family.

“Cycas is known for its distinctive performance culture and for understanding how happy, loyal guests translates into delighted partners. We’re therefore proud that, with this deal, we now manage seven of IHG’s top ten performing UK hotels in terms of guest satisfaction.”

Jean-Pierre Permutt, director at Percor Capital, added: “With TIME Magazine having recently declared Dundee as one of their ‘World’s Greatest Places for 2019’,our Hotel Indigo having been named the best hotel in Scotland by the Sunday Times, and the V&A Dundee significantly exceeding visitor numbers since opening last September, there’s no doubt that the city is riding a wave.

“By working closely with Cycas Hospitality we hope to fully capitalise on the city’s fast-expanding leisure and business travel opportunities.”

The deal follows an active year for Cycas’s European expansion, with 13 signings across the continent over the last 12 months.