London Town Group Appoints Cycas To Manage Three London Hotels
Main Photo: Mercure London Hyde Park
Date: November 2021
Name: Mercure London Hyde Park, Mercure London Paddington, Hotel Indigo London Paddington
Location: London, UK
Number of Keys: 72, 86 & 64 – 222 in total
Owner: London Town Group
Manager: Cycas Hospitality
Cycas Hospitality is to operate three upscale boutique hotels as part of a deal with London Town Group. Cycas has opened or taken over 17 hotels in the last twelve months.
London Town Group of Companies is a private sector corporation focused on real estate, software & automation, clean energy and energy storage. A leading real estate investment company in hotels, commercial and residential units, throughout UK and Sub Saharan Africa, with assets in access of £300 million
Two Mercure-branded hotels will join the Cycas portfolio – the 72-room Mercure London Hyde Park, which recently completed a multi-million-pound refurbishment, and the 86-room Mercure London Paddington, which is due to start a full renovation programme next year.
Cycas will also operate the 64-room Hotel Indigo London Paddington, which joins Hotel Indigo Dundee as its second in the UK. The deal takes Cycas’ footprint expand to eight hotels in London, and 18 in the UK. Tanja Furby has been named cluster general manager for the three London hotels.
Koolesh Shah, founder of London Town Group, said: “As our business diversifies and grows, I felt now was the time to bring on board a recognised industry leader in hotel operations to partner on the transformation journey of our hotels. We’ve always prided ourselves on our collection of leading branded-boutique hotels, and we’re confident that Cycas’s track-record in delivering the highest hospitality standards will ensure we can continue to give our guests the best possible experience.”
Matt Luscombe, CEO at Cycas Hospitality, added: “I’ve known and admired Koolesh and his team for many years, since he opened the first Hotel Indigo outside of North America in 2009. Over the last decade, London Town Group has been synonymous with commercial and operational excellence. With their central locations and exceptional transport links, these three hotels are ideally positioned to capitalise on the recovery in business and leisure travel. We’re proud and excited to begin this partnership together.”
Cycas Hospitality operates across both the extended-stay and mainstream hospitality sectors. The group plans to double its multi-brand hotel portfolio across the UK and mainland Europe over the next two years.
Price: Undisclosed
THPT Comment: Cycas is a pan-European, multi-brand, all-segment hotel operator covering full and select-service properties and extended-stay hotels. Coincidentally, in 2021 Cycas was named one of UK’s Top 30 hospitality employers for 4th year in a row, so they must be doing something right!
First Seen: Boutique Hotel News
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email [email protected]
