Maven and IPIM deliver newly completed Hampton by Hilton Hotel
Maven and IP Investment Management (IPIM), a Hong Kong based boutique real estate investment manager have partnered to build Manchester’s first Hampton by Hilton hotel.
The venture is Maven’s first hotel collaboration with IPIM, having already worked together on eight purpose built UK student accommodation (PBSA) developments. Hampton by Hilton, Manchester, is Maven’s eighth UK hotel development and expands a hotel portfolio which includes brands such as hotel Indigo, Ibis Styles and Travelodge.
The £24.6 million newly built hotel was designed by Tim Groom Architects, with Create Construction as the main contractor, alongside its sister company Create Developments, both part of Create Group.
The 221-room, nine storey hotel is the latest to join Hampton by Hilton’s growing portfolio, which includes 31 existing properties in the UK. The hotel is operating under a Franchise Agreement with Hilton, one of the largest hotel companies in the world with more than 950,000 rooms in 6,200 hotels worldwide. A hotel management agreement is in place with RBH, a leading independent hotel management and services company operating a diverse collection of branded and private label hotel properties across the UK. RBH currently manages more than 45 hotels across the UK, including three on behalf of Maven.
Located at 41 Rochdale Road, the property is well-situated to serve business and leisure travellers staying in Manchester’s vibrant Northern Quarter, which features colourful street art, independent record shops and some of the city’s most iconic cultural venues. Manchester’s popular Arndale Shopping Centre is a seven-minute walk away. The AO Arena (formerly The Manchester Arena) is a 12-minute walk from the hotel, which has the highest seating capacity of any indoor venue in the UK. Furthermore, the National Football Museum is located nearby, the Etihad Stadium is located 1.5 miles to the east and Manchester United Football Club is located 3.5 miles to the southwest. The Printworks, which is home to restaurants, bars, nightclubs, a cinema and a gym, are located 0.5 miles to the south.
“We are delighted to continue our partnership with IPIM and are thrilled to add Hilton to our brand stable for what is our first development in Manchester. The new Hampton by Hilton is situated in a superb location with a host of attractions close by, and it will cater for the rising number of visitors coming to the area for leisure and business, as well as assist with the further enhancement of the city’s vibrant Northern Quarter.”
Colin Anderson, Partner at Maven
I am very pleased to be furthering our relationship with Maven by partnering with them on our first hotel development. Despite opening in the midst of what is one of the most challenging years on record for the hospitality sector, we are optimistic about the future. Manchester is undoubtedly the UK’s second city with a bright future as part of the UKs northern powerhouse.
Selina Williams, Executive Director, IP Investment Management