Roomzzz confirmed as hotel operator for Manchester’s Corn Exchange
Businesses sold
Roomzzz Aparthotel has been selected as the hotel operator for the Corn Exchange building in Manchester city centre in a deal facilitated by specialist property adviser Christie + Co.
The historic Grade II listed building, which will consist of 114 apartments, will be Roomzzz' second Manchester site alongside an aparthotel in Princess Street.
The hotel is part of a £30m leisure redevelopment programme of the former Triangle shopping centre by Aviva Investors and Queensberry Real Estate.
Mark Walton, Head of Roomzzz Aparthotel UK, said: “Roomzzz Aparthotel is delighted to be partnering with Aviva Investors Property Trust to fuse the iconic heritage of Corn Exchange into a beacon for modern lifestyle choices for affordable luxury accommodation in the UK.”
“The demand in the city for Roomzzz Aparthotel is substantial - we are running at 100% occupancy week on week, a second location in close proximity is a strategic game-changer for the brand.”
Simon Green of Aviva Property Investors Trust added: “The vision is to create a new legacy destination for the city and Roomzzz Aparthotel along with the top class range of restaurants will cement the future fortunes of Corn Exchange and spearhead the regeneration of this part of the city centre.”
Christie + Co acted for Roomzzz and Jenics acted for Aviva Investors and Queensberry Real Estate.
Jon Patrick, Head of Leisure & Development at Christie + Co concluded: “The Corn Exchange will be Roomzzz’ second site in Manchester where the tourism industry generates some £6.6 bn for the local economy, attracting nearly 9m overnight visitors a year (including over 1m international visitors) and over 90m day trippers. Hospitality industry key performance indicators for the city showed positive gains from 2013 to 2014 well ahead of the average levels for the UK as a whole supporting Roomzzz strategy for investing in key strategic locations.”
