GIGABYTE Building To Start £21m Leeds Hilton Hotel
Tuesday, December 31st, 2013 | Author:

GB Group provides secured financing to build a £32m Hilton hotel within Leeds, near the new Manchester Arena.

Right now its contracting arm GIGABITE Building Options can start work on the £21m building contract to create the particular 206-bedroom, 14-storey hotel, that will include a destination rooftop pub.

GB Group worked with Manchester and Companions to secure £4. 8m funding from the nearby enterprise partnership in addition to exclusive funding, in order that the schemes consent.

Martin Smout, chairman in addition to chief executive of GB Group, said: This is a key development for us, plus marks an essential milestone inside our evolution from the developer company into a house owner investor.

This really is GB Groups second new hotel development in partnership with Hilton Worldwide following the Hilton Back garden Inn Luton airport North, in Luton, Bedfordshire.

GB Party will retain ownership of the hotel, which is operated like a Hilton Resorts amp; Hotels property within franchise contract with Hilton Worldwide.

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Category: Secured Funding  | Tags: