Capital & Centric secures Leonardo hotel at Adair Street
The developer has unveiled designs for a 275-bedroom hotel, designed by Stephenson Studio and pre-sold to Fattal Hotel Group, on a plot near Manchester Piccadilly station.
The acquisition of what will be a 110,000 sq ft hotel is Fattal Group’s second recent deal in Manchester following its purchase of the Midland Hotel in October.
Capital & Centric bought the plot on the corner of Adair Street and Great Ancoats Street earlier this year from a private vendor for around £2m. The site is near the developer’s Crusader Mill residential scheme, and its London Warehouse, a multi-million pound refurbishment of the former Place aparthotel, delivered in partnership with Native. Forming part of the East Village strategic regeneration zone, there is long-term plans for more commercial space, homes and leisure to be built in the surrounding area.
The Leonardo hotel is due to open by 2021. Capital & Centric is currently preparing a planning application to go before Manchester City Council, and is hosting a public consultation on the scheme at the Crusader Mill loft shop on 9 January, from 12pm to 7pm.
The Adair Street hotel is part of the Fattal Group’s continued expansion in the UK, which is managed though Jurys Inn and Leonardo Hotels, which currently operates 45 hotels; 36 under the Jurys Inn brand and nine hotels under the Leonardo brand.
CBRE Hotels advised Capital & Centric.
Adam Higgins, co-founder of Capital & Centric, said: “Once a forgotten part of the city, this area is really starting to happen. We’re already on site creating a community of owner occupiers at Crusader Mill and it’s pretty exciting to be bringing forward more development in this part of the city.
“Our plans for Adair Street will not only bring a brilliant new hotel operator to the city, but they’ll help contribute to the vibrancy of this whole area – a missing link between Piccadilly Station and the east side of New Islington. The new bar and restaurant leading out onto the garden means people will be able to hang out there as well as use it as a base when working or exploring the city.
“Our vision was to deliver something interesting and quirky, that people want to explore. We want this to set the standard and for other developers to be creative and come up with designs that excite people and draw in visitors.”
Jason Carruthers, managing director of Leonardo and Jurys Inn Hotels, UK and Ireland, said: “We are delighted to have secured this prime new location as we continue to increase our offering in the UK. The opportunity to expand into a vibrant and growing city like Manchester is a great one, and this move serves to strengthen our portfolio and network enormously. We look forward to beginning works as soon as possible, and to welcoming our first guests to the hotel.”