Contracts have been exchanged for a new hotel at the gateway to the Eastside regeneration area of Birmingham.
Quintain Estates & Development plc has done the deal with Hotel La Tour next to Moor Street Station as part of the City Park Gate development. The scheme will deliver more than one million sq ft of mixed use accommodation and this deal will result in the early development of a 4-star hotel on the site. Hotel La Tour is led by hoteliers Alan English, Norman Bellone and Jane Schofield. This move follows on from the sale of their Hayley Conference Centres business to Principal Hotels for £358million.
The Hotel La Tour at City Park Gate will be a contemporary 4-star development offering 200 rooms and approximately 12,000 sq ft of function and meeting room space capable of accommodating up to 200 delegates at any one time.
Norman Bellone, CEO of Hotel La Tour, said: “We are delighted to secure such an important gateway site, which bridges both Birmingham’s city core and the emerging Eastside markets, for our new flagship product. We will be looking to start construction as soon as the planning approvals allow.”
Nick Shattock, Quintain’s deputy chief executive, added: “This disposal to Hotel La Tour fits extremely well with our objectives for City Park Gate. Bringing this exciting new brand, backed by highly experienced operators, to Eastside at the very start of the regeneration strengthens the offering of the entire area, whilst the creation of high quality hotel and conferencing facilities on site will be attractive to the future office occupiers of City Park Gate.”
Lewis & Hickey Architects have been appointed by Hotel La Tour. Nick Williams, at Savills, Birmingham, acted for Quintain and Geoff Robotham, property director for Hotel La Tour, led the acquisition.