Hilton Worldwide has reached an agreement with modular building provider CIMC to develop the first hotel at Bristol Airport under its economy Hampton by Hilton brand. Financed and owned by CIMC, the hotel will be managed by Hilton Worldwide, drawing on its extensive experience of operating airport hotels at many of the world’s top transport hubs.
Innovative modular technique
The announcement marks a strategic partnership between Hilton Worldwide and CIMC. CIMC’s innovative modular technique significantly reduces the time taken for construction by manufacturing and assembling portions of the hotel, including guest rooms and hallways, in China, before transporting them to the final site for assembly. The model helps ensure consistent quality and accelerates the build schedule on site, a benefit for developers and investors in mature and emerging markets alike.
Patrick Fitzgibbon, senior vice president, development, Europe & Africa, Hilton Worldwide said, “CIMC’s capacity to deliver modular sections of the building to the final hotel site offers an incredible opportunity to overcome many of the challenges faced during construction.
Opportunity in mature and growth markets
“Alongside potential time and cost efficiencies, CIMC’s ability to provide senior debt to developers using its modular building technique underpins its robust growth model, and we are seeing more and more opportunity for this structure in mature markets such as the UK, and developing economies, most notably in Africa.”
To open Spring 2016
The 201 guest room property is expected to open in spring 2016 and will be the first hotel at the Airport. Bristol is the only top ten UK airport to see passenger growth every year since 2009 and saw record volumes last year when 6.3 million people passed through the terminal, making it the UK’s ninth busiest passenger airport. It was also named the world’s most punctual airport in a league table measuring on-time performance based on data compiled from over 43 million flight records by aviation data provider, OAG.
About CIMC MBS
CIMC MBS is the modular division of parent company CIMC Group, the $10Bn USD turnover Chinese PLC. The funding for the scheme with be coming from the Internal Financing Division, CIMC Capital. CIMC MBS have capabilities to own, develop, fund and supply modular units to hotel projects and are actively pursuing development opportunities with Hilton Worldwide in multiple countries
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