UK: Developer Oakland Holdings is seeking an operator for a 175-unit Belfast city centre aparthotel which has received full planning permission from the City Council.
Located at 32-33 Queen Street, proposals are now being sought to operate the completed aparthotel under either a lease agreement or under a hotel management agreement (HMA).
The nine-storey aparthotel will have a corner position at the intersection of Queen Street and College Street, 300 metres from Belfast City Hall and is within the city centre’s prime retail district. It is also close to a host of new office developments currently under construction, include Merchant Square, a 230,000 sq ft office building also being developed by Oakland Holdings and which has been fully pre-let to PwC.
It is due to open by next spring and will include food and beverage facilities at ground and first floor levels. There will also be meeting rooms, a guest gym, catering kitchen and staff facilities at lower ground floor. There is a range of unit sizes covering 21, 25, 29 and 37 square metres.
Brian Lavery, managing director at CBRE, which is conducting the operator search, said: “This aparthotel offers an exciting opportunity for hotel operators to establish a presence in the vibrant and rapidly expanding Belfast market.
“Proposals are now being sought to operate the hotel either under a lease agreement or an HMA, with completion expected in the second quarter of 2021.”
