UK: Convivia, a new property development and investment group, will open its first aparthotel in Torquay, in early 2021.
Convivia is a London-based property and brand portfolio that “aims to develop playful accommodation solutions, which encourage users to share space and create new experiences”.
Located close to Torquay’s main marina and £32 million high street development, the Halcyon development is Convivia’s first aparthotel and will feature 42 one- and two-bedroom units, a gym, cinema room, lounge and private kitchen.
Convivia is also in the process of finalising the acquisition of a 100-unit scheme in Liverpool city centre.
Roy Ledgister, founder and CEO of Convivia, said: “There is something fundamentally wrong with the way in which both public and private sector property developments are created and that is a sheer focus on maximising profit by squeezing as many units out of the given footprint, with little consideration for providing exciting communal space to be enjoyed. Convivia Group aims to create a solid property investment portfolio underpinned by a spirit of conviviality and centred around experiential living. We are delighted to showcase our unique approach in the development of our first apart-hotel in Torquay, together with our exciting pipeline of developments due to be completed over the next 12 to 24 months.
Convivia aims to acquire, develop, operate and manage its entire portfolio in-house, and plans to reach a GDV of £130 Million by the close of 2021. It plans to launch its first investment fund within the coming weeks.
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