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HotelInvest – the owner and investment division of AccorHotels – has announced it will open five new properties in the UK in 2016 and 2017.
The company will invest £160m in the properties, adding to its existing UK portfolio of 97 hotels and 15,395 rooms.
The investment will include the company’s flagship Novotel in London’s Canary Wharf, which at 39 storeys will be the world’s tallest Novotel. The 313-bedroom hotel is due to open in January 2017.
Other properties include a 120-room ibis Styles at Ealing Apex, London, schedule to open in June 2016; a 231-room ibis in Cambridge, scheduled to open in September 2016; a 146-room Adagio at Edinburgh Carlton Gate, scheduled to open in January 2017; and a 196-room ibis at Canning Town, London, scheduled to open in September 2017.
Hervé Deligny, COO, said: “We have enjoyed a successful year restructuring our portfolio, and managing our existing assets to increase their profitability. Whilst focusing on the asset management of our hotels, we continued working on development opportunities and are adding great hotels in exceptional locations to our portfolio.
“We remain focused on seeking additional growth opportunities and we are very much in the market to buy more hotels in the UK.”
