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Scottish-based Apex Hotels has secured a £29m funding package from the Bank of Scotland to expand its UK portfolio with the development of its first hotel in Bath.
The Apex City of Bath, due to open in the summer 2017, will the company’s 10th property in the UK and its first venture in England outside of London.
The four-storey, 177-bedroom hotel is being developed on James Street West and will be the largest hotel in the city. It will feature a swimming pool, gym and conference and meeting facilities that have capacity for more than 420 people.
Ian Springford, chairman at Apex, said: “The new hotel in Bath is an exciting opportunity for the group and we’re proud to have secured a great location in a booming city. With the new development, we’ll be able to offer a new contemporary hotel to the people of Bath, ideal for both tourists and professionals travelling to the city.
“Following a strong financial performance, our expansion marks the company’s 20th anniversary with a new venture that supports our long-term visions of growth.”
The £35m hotel is expected to create up to 120 full-time position including front of house, kitchen and housekeeping roles.
