A consortium comprising The GB Group, Marick Real Estate and two private shareholders has secured funding to develop a 190-bed Hampton by Hilton hotel in Docklands.
GB London Dockside has secured private sector funding, including £20m from Topland, for the scheme next door to London City Airport at the Royal Albert Dock, where ambitious plans have been given the go-ahead as part of an extensive business-led regeneration of the area.
Brandon Riley, director of hotels at GB Group, said: “This is an exciting development in one of the capital’s prime regeneration locations, and we’re delighted to be working once again with Hilton Worldwide.
“The team has worked hard to deliver this scheme in an area that looks set to become one of the most sought after locations in London. We look forward to working closely with all our partners to create a world-class hotel for business and leisure travellers.”
Nick Sinfield, director of Marick Real Estate, said: “This area is set to become London’s third business district and the addition of such a renowned international brand further demonstrates the growth opportunity in this region. We’re pleased to continue our work with Hilton Worldwide and build on our successful projects with them in Waterloo and Gatwick. We look forward to working alongside GB Group on such an important development.”
Last year, GB Group secured a mix of public and private sector funding for the £32m Hilton Leeds Arena, currently under construction by GB Building Solutions and due for completion in 2015. GB retains ownership of the Leeds hotel, which is directly next to Leeds Metropolitan University’s Rose Bowl conferencing facility, and just 300m from the 13,500 capacity Leeds Arena.
The GB Group is a privately owned, award winning and innovative complete property and construction solutions provider operating in a number of key industry sectors: care, student accommodation, residential (private and social), hotels and leisure, education and commercial. Property and construction solutions include site finding and development funding, full design, management and construction of new and refurbished facilities, improving operational efficiencies, through to aftercare and asset management.
For more information about GB Group click here
Marick Real Estate is a capital, development and project management firm which works across the development lifecycle and is active in all sectors across the UK. It has developed successful, long-term partnerships with occupiers, public sector organisations, agents, investors, construction professionals and financial organisations.
It has an experienced leadership team which focuses on delivering schemes that are both innovative and at the forefront of sustainable development.
For more information about Marick Real Estate click here