UK: SevenCapital has bought the 186-bedroom Royal Angus hotel in Birmingham’s St Chads Queensway for an undisclosed fee, and will convert it in to an aparthotel.
Work is set to start shortly, with completion expected in early 2022.
Group managing director Damien Siviter said: “The Royal Angus Hotel is a very exciting acquisition for SevenCapital that will allow us to expand our hotel ownership while helping to uphold and further boost the hospitality sector and create jobs within Birmingham. This will be especially important in helping to meet and alleviate demand ahead of the upcoming 2022 Commonwealth Games which will see unprecedented pressure and spotlight put on the city.”
The company already offers long-stay apartments at its Park Regis hotel in the city.
Bal Sohal, chairman of SevenCapital Group, added: “SevenCapital remains, first and foremost, committed to supporting and championing Birmingham, the home of our headquarters, as a truly world-class city. The Park Regis hotel has already proven a popular and successful brand with our existing hotel at Five Ways and we fully expect this to build on that success, helping to boost the local economy through tourism while creating much-needed, continual employment opportunities for the local community.”
