{"id":1004172169,"date":"2017-04-11T03:32:04","date_gmt":"2017-04-11T11:32:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004172169"},"modified":"2021-05-14T22:44:42","modified_gmt":"2021-05-15T06:44:42","slug":"starwood-capital-expands-manchester-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/starwood-capital-expands-manchester-footprint\/","title":{"rendered":"Starwood Capital Expands Manchester Footprint"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png\"><img decoding=\"async\" data-attachment-id=\"1004172363\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/starwood-capital-expands-manchester-footprint\/capture-85\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Capture\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004172363 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture2.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Starwood Capital Group acquired the 298-key\u00a0<span id=\"spanHghltbe3c\">Holiday Inn Manchester City Centre<\/span>\u00a0via one of their controlled affiliates, Starwood Global Opportunity Fund X (SOF X). JLL Hotels and Hospitality Group\u2019s Executive Vice President Will Duffey closed the transaction on behalf of the seller and developer, Dominvs Group, a family-owned business. Kew Green Hotels will manage the asset.<\/p>\n<p>The 3-star hotel, located at 25 Aytoun St., opened in April 2016 and it features 277 standard guestrooms and 21 suites. Guest amenities include an open lobby and gym, a restaurant, bars, 12 cutting-edge meeting rooms with plenty of conference and events space, and free Wi-Fi. The building was designed by award-winning London architecture firm Dexter Moran and incorporates state-of-the-art architectural elements.<\/p>\n<p>The owners singled out Kew Green Hotels to take over management services under a franchise agreement. <em>&#8220;The Holiday Inn Manchester City Centre has already generated strong cash flow during its first year, and as one of the premier U.K. hotel operators, and the largest Holiday Inn franchisee in\u00a0Europe, Kew Green Hotels will bring what we believe is world-class operational expertise to this asset,&#8221;<\/em> Starwood Capital Group Vice President Jon Asumedi said in a prepared statement. The property will continue to be branded as a Holiday Inn and will benefit from InterContinental Hotels Group&#8217;s global distribution system.<\/p>\n<p>The hotel\u00a0offers immediate access to the city\u2019s core, landmarks, galleries, markets, restaurants and clubs. It is also conveniently located adjacent to Piccadilly Station, Manchester\u2019s main intercity rail and tram terminal.<\/p>\n<p>The building is not the first property Starwood Capital Group tapped in Manchester. In 2013, the company purchased The Principal Manchester, formerly known as The Palace Hotel. One year later, Starwood added The Royal Exchange to their investment portfolio. The company plans to extend its\u00a0accommodation business <a href=\"https:\/\/www.commercialsearch.com\/news\/starwood-brings-w-hotels-brand-to-scotland\/\">in the U.K.<\/a><\/p>\n<p><em>Image courtesy of\u00a0Dominvs Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. investment company expands its U.K. portfolio by grabbing its third hotel in the area, Holiday Inn Manchester City Centre.<\/p>\n","protected":false},"author":241,"featured_media":1004172363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,16,21742],"tags":[34454,32796,34880],"class_list":["post-1004172169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-international","category-latest","tag-holiday-inn","tag-jll","tag-starwood-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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