Operator Hotel Co. 51 To Open Three More UK Hotels in 2022
Main Photo: The newly opened Courtyard by Marriott Glasgow SEC
Date: January 2022
Names: Moxy Bristol opening April 2022, Marriott AC Hotel Inverness and…….
Locations: Bristol, Inverness and
Number of Keys: 600 – Moxy Bristol 214; Marriott AC 175;
Seller: Bristol: The plot of land was formerly home to an office building, Halfords garage and police station; Inverness: Was a vacant site located on the banks of the River Ness. Historically it accommodated the swimming baths for the city, which have been demolished for circa 20 years.
Buyer: Vastint International, part of the Interogo/Ikea business
As the operator for almost all the UK Moxy Hotels owned by Marriott, Hotel Co. 51 currently has 14 hotels open with 3,181 bedrooms.
10 hotels re-opened last year following the easing of Covid restrictions and the group also launched four brand new properties in 2021, which added a further 930 bedrooms to their portfolio, including a Courtyard by Marriott and Moxy both at the SEC in Glasgow.
In 2022, the group will welcome three UK properties with a total of over 600 bedrooms including Moxy Bristol and an AC Hotel in Inverness.
It will also launch four hotels in Europe, including Paris, Dortmund and Berlin.
John Farrelly, Corporate Commercial Lead for Dutch Hotel Co. 51 commented: “Last year was a difficult year of trading across the board for the hospitality sector, but we have remained positive and continued to open hotels, even during lockdown.
“We ended last year on a high after the success of opening two hotels in time for COP26 and saw both properties full for the duration of the conference.
“We have big plans this year and will be opening a further seven properties across the UK and Europe, bringing the total to 41 under our belts by the end of 2022.
“And the plan will continue unabated for 2023 as we have already a number of locations earmarked to add to our portfolio.”
Hotel Co. 51 has also created over 160 new jobs in the past year, starting in January last year with 79 employees and ending in December with 243.
The group will create another wealth of jobs this year when Moxy Bristol opens in February 2022 as well as continuing to recruit for all the other hotels in its current portfolio.
Price: Bristol: Project Cost £16m
Price per Key:
THPT Comment: Where we just thinking…haven’t heard of this company before, we researched a bit more and find that Hotel Co. 51 is actually a division of Vastint, formed in July 2020. Hotel Co 51 is Vastint’s tenth division, following Vastint Netherlands, Vastint Belgium, Vastint Poland, Vastint Lithuania, Vastint Latvia, Vastint Romania, Vastint UK, Vastint Hospitality and Vastint France. Hotel Co 51 is the lessee and operator of more than 20 hotels across Europe.
First Seen: Boutique Hotelier
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