Hotel investment during the pandemic

With rumblings from the UK government about how long it will take to carry out the Covid-19 vaccination programme and the knock on effect of 'getting back to normal' particularly in the leisure and retail sectors. it was interesting to see the announcement this week about the £68.5 million of of fresh funding secured by Dominvs Group for the development of a new Hampton by Hilton hotel in London's Aldgate and the Courtyard by Marriott hotel in Oxford.

Dominvus Group highlights that the successful raising of funds for both projects reflects the firm's good banking relationships (£48 million from Coutts and £20.5 million from Clydesdale Bank Plc) and confidence in the group's development and operational capabilities, alongside raising optimism in the UK hotel industry after the start of Covid-19 vaccination programme in the UK.

The new five storey Hampton by Hilton London will comprise the refurbishment of the existing hotel plus a new-build extension , with the construction undertaken by leading contractor McAleer and Rushe. The hotel is located in the heart of East London by Brick Lane, an area undergoing significant investment from Tower Hamlets Council, and just five minutes from the City of London.

Located in the historic centre of Oxford, close to the world famous Oxford University buildings and libraries, the Courtyard by M