Topland Group has launched a joint venture hotel development business with Marick Real Estate and Mill Lane Estates.
The first project for the joint venture will be the Trafford City Hotel, following the purchase from Peel Holdings of a 1.75-acre development site opposite the EventCity venue at the Trafford Centre in Greater Manchester.
Planning permission is in place for a new 203-bedroom hotel and it is expected work will commence in early 2016, ahead of the 2018 extension of the Manchester Metrolink tram system. The Trafford City Hotel will be operated by Tower Hotel Management which is part of the Peel Group.
It is anticipated that the Trafford City Hotel will be the first of many projects undertaken by the partnership.
The Topland-led partnership follows the company’s successful collaboration on the construction of a 190-bedroom Hampton by Hilton hotel at London City Airport, for which Topland provided Marick with a £22m development finance facility.