Starboard Hotels and Citrus Group announce the acquisition of a site at Connell Cres-cent Park Royal, which has planning to build a new 146 bedroom Hampton by Hilton hotel.
The two businesses have come together to purchase the site with its listed façade and are expected to start construction later this year, with the hotel opening in the spring of 2019.
The site, which was marketed by CBRE for offers in excess of £6 million, is close to Park Royal Business Park, with excellent connectivity to central London, Wembley Stadium, Heathrow Airport and Chiswick Business Park.
Paul Callingham, managing director of Starboard Hotels and Anton Curtis, managing director of Citrus Group have been partners for over 30 years, and are pleased to announce their first joint acquisition in 12 years.
Starboard have signed a franchise agreement with Hilton to operate the hotel under the Hampton brand. This will be Starboard’s first Hilton franchise to add to the 13 branded hotels that the company owns and operates throughout the UK.
The site has been purchased from Atlas Holdings Ltd and was originally part of the Atlas Hotels portfolio. CBRE acted for Atlas, Starboard were unrepresented.
Paul Callingham said:” We are thrilled to have acquired our first London hotel site and look forward to working with Hilton on this exciting project. The location of the hotel is ex-cellent, being next to Park Royal underground whilst close to, Hangar Lane, Crossrail and the proposed HS2 terminus at Old Oak Common".