Northern Ireland: Commercial property agency CBRE NI is marketing the low-carbon aparthotel room2 Belfast at a guide price of £21.2 million.
The nine-storey, 175-room aparthotel opened in late 2023 on the corner of Queen Street and College Street. It was developed by Oakland Holdings with the Northern Ireland Investment Fund, managed by CBRE Capital Advisors, providing construction finance.
Amenities at the property include a main reception, four event spaces, a lounge area, restaurant and bar, tearoom, art gallery, gym, laundry room, and cycle store.
Brian Lavery, CBRE NI managing director, said: “Northern Ireland’s hotel sector enjoyed a record-breaking year in 2024. With £57 million invested across eight sales, the market has set new benchmarks in both transaction volume and trading performance.
“The combined impact of new developments, refurbishments, and key transactions demonstrates the continued growth potential within this sector. We have no doubt that room2 Belfast will attract significant attention from parties hoping to invest and do business in Northern Ireland,” he added.
Extended stay brands such as Adagio and Staybridge Suites are also due to begin construction in the city.
Elsewhere in the UK, room2 has three other open sites with a further four in the pipeline (Fulham, Manchester, Liverpool and York). The brand is targeting 5000 rooms across the country by 2030.
