Redefine|BDL Hotels (RBH) has today (Thursday 7 December) announced that it will manage the upcoming Hampton by Hilton Manchester Northern Quarter, which is set to open in 2020.
The £17.5m, 221-bedroom hotel will sit on the corner of Rochdale Road and Sharp Street, within the city’s thriving Northern Quarter neighbourhood.
The hotel, perfectly placed for both leisure and business travellers wishing to explore Manchester, will also feature a restaurant, fitness centre and meeting space.
RBH – the UK’s leading independent hotel management company – which already counts Hampton by Hilton London Docklands and Hampton by Hilton London Gatwick Airport among its portfolio of properties, will manage the hotel once complete.
The project is being funded by Hong Kong-based IP Investment Management in conjunction with asset manager Maven Capital Partners. The venture represents RBH’s continuing partnership with Maven Capital Partners, with three other properties asset managed by the private equity firm counted among RBH’s portfolio of more than 75 hotels.
Andrew Robb, RBH’s Chief Business Development Officer, said: “Hampton by Hilton Manchester Northern Quarter will be RBH’s third Hampton by Hilton property, and our fourth property in Manchester. We’re thrilled to add yet another hotel to our growing portfolio.
“We’re also delighted to be continuing our successful partnership with Maven Capital Partners and building a new relationship IP Investment Management.”
Selina Williams, Investment Director at IP Investment Management said: “Hampton by Hilton Manchester Northern Quarter will be IP Investment Management’s first investment in the hotel sector, so we’re delighted to be partnering with such an experienced manager as RBH. It is our second investment in the Greater Manchester area, following our recent forward funding of a build to rent scheme in MediaCity, Salford, showing our confidence in the Manchester market.”
RBH’s portfolio includes private label and branded properties, including IHG, Hilton, Accor, Marriott and Wyndham hotels.