Airport City Manchester has announced deals to deliver a Holiday Inn and Ibis Budget hotels, marking the creation of a new £180 million hotel district
The 280-bed Holiday Inn and 262-bed Ibis Budget will be located adjacent to Terminal 2 at Manchester Airport, which forms part of the wider £1 billion Transformation Programme.
Airport City Manchester’s joint venture partners will act as the developer of the £80 million hotel project on behalf of its client, P1 Hotels, a consortium of hospitality industry specialists.
Lynda Shillaw, CEO of MAG Property and Airport City JV Partner, said: “We are delighted to have reached an agreement with the consortium that will mark the start of the development of our new £180 million hotel district at Airport City Manchester.
“Increasing the number of hotels at the airport is underpinned by the significant growth that we have seen in both passenger numbers and airlines over the last five years.
“The development is being brought forward alongside the £1 billion investment in Terminal 2 and the airport being made by MAG at the start of a period of significant development at Airport City.”
Councillor Susan Quinn, Chair of GMPF Property Working Group at Greater Manchester Pension Fund (GMPF) and Airport City Joint Venture Partner, said: “This is a unique site within Airport City Manchester and we have seen strong demand from international investors looking to capitalise on the recent growth and opportunities at Manchester Airport.
“Driven by the £30m+ equity investment already committed by the JV partners, this signals the start of the next stage of activity at Airport City.”
Dongwen Yu, lead director at Beijing Construction Engineering Group International (BCEGI) and Airport City Joint Venture Partner, said: “Hotels are a key component on Airport City and the development and construction of this new district will provide valuable employment opportunities for the local area while supporting the continued expansion of Manchester Airport.”