UK: European operator Staycity Group has acquired a 0.06-hectare site in Stratford, east London to develop a 240-unit aparthotel.
The £40 million investment represents the purchase, planning and construction of the hotel.
It will feature studios and one-bedroom apartments with facilities such as workstations, a gym, café, bar, lounge, guest laundry and shop. The company has said that the development will have a strong focus on sustainability and is expected to attract a potential guest profile of approximately 60:40 leisure/business.
This is the first unconditional site acquisition for Staycity Group, which will forward fund the investment once planning consent is secured, taking an operating lease back. Staycity purchased a long leasehold of the land from a private client, represented by Savills. The freehold of the site is owned by shopping centre owner and developer Unibail-Rodamco-Westfield.
Neil Short, Staycity Group’s development director – London, said: “We have long admired Stratford and seen it steadily improve since its Olympic reinvigoration, The location is fantastic with excellent links by train and tube, including to the Eurostar and Europe beyond. We look forward to playing a part in Stratford’s outstanding growth story.”
The project will be developed by Staycity’s in-house property development arm. It is expected to open in the second half of 2026.
Staycity Group was founded in Dublin in 2004 by CEO Tom Walsh and his brother Ger Walsh. It currently operates about 6,000 apartments across 32 properties in France, Germany, Ireland, Italy and the UK.
The properties operate under the Staycity Aparthotels and the premium Wilde Aparthotels brands, and cater to both business and leisure travellers.
