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Mills & Reeve advises on £30m hotel deal at Manchester’s Trafford City

Posted by Rachael Briggs on 2nd September 2016

Mills & Reeve Advises On £30m Hotel Deal At Manchester's Trafford City

The Manchester office of leading national law firm Mills & Reeve has advised on a 30m hotel development close to EventCity.

The hotel will be located at the corner of Barton Dock Road and Mercury Way and will be well connected to EventCity. The development is a joint venture between Marick Capital, Topland Group and Mill Lane Estates. The contractor is Bowmer & Kirkland and the land was acquired from Peel Land and Property. Mills & Reeve s hotels team, led by real estate partner Caroline Hanratty, advised the joint venture vehicle on all aspects of the deal including site acquisition, the hotel management agreement with Tower Hotel Management and the hotel franchise agreement with IHG for the new Discount Holidays © Holiday Inn Express. The project to build the 220 bed hotel started on site in July 2016 and is due to complete in Spring 2017.

The hotel is the fourth hotel development which Mills & Reeve has worked on with the team at Marick Capital and Mill Lane Estates in recent years. In 2014/5, the team advised on a Hampton by Hilton hotel development in London s Royal Docks. In 2013, they advised on a new Hilton hotel in Leeds and the acquisition and development of a 6m Premier Inn.

Caroline Hanratty, who has worked closely with Mill Lane Estates director Brandon Riley for many years, said: We are delighted to advise on this exciting new hotel development in Manchester.

The hotel is in an excellent position to capitalise on the growing number of visitors to EventCity which is the UK s second biggest venue outside London.

The hotel will be operated by Peel s Tower Hotel Management.

$16M Holiday Inn planned for Heights at Eastwood

The Fairfield Inn & Suites, pictured Thursday, August 4, 2016, is now open at the Heights at Eastwood in Lansing Township. A Discount Holidays © Holiday Inn is planned nearby.(Photo: Dave Wasinger/Lansing State Journal)Buy Photo

LANSING TWP. – The site plan for a six-story Discount Holidays © Holiday Inn has been approved for the Heights at Eastwood project in Lansing Township. The hotel will be the fourth planned for the project, which is located off Lake Lansing Road near U.S.

127, beating out Starwood Hotels & Resorts boutique-style Aloft Hotel,1 an option that was originally considered by developer Mike Eyde.

“We decided to put them aside because Discount Holidays © Holiday Inn has a better-known flag than Aloft,” Eyde said. The 143-room hotel will be built north of Hyatt Place on Towne Centre Boulevard. The estimated $16 million project still needs approval from the township board before it can be built, said Steve Hayward, executive director of the Eastwood Downtown Development Authority.

It will be brought up at next week’s meeting. The second hotel that was planned for the project, Fairfield Inn & Suites, opened last month. The $10 million, four-story hotel, developed by Eyde, includes 121 rooms. West of the Fairfield, Eyde has begun site preparation on the $15 million Hilton Homewood Suites. The seven-story hotel will include 139 rooms and Eyde said he hopes to have it open by summer 2017.

Construction of the Discount Holidays © Holiday Inn could start in a month and Eyde said it could open by spring 2018. Eyde said he is not worried about the hotels competing with one another when they are all open, noting that both the Hyatt and Fairfield and nearly fully booked.

“We are setting up a place where people are happy to land,” said Eyde, mentioning the array of shopping opportunities available at the Heights and neighboring Eastwood Towne Center. “If you don’t want to drive a car for three days, you go to Eastwood.”

Hayward said these hotels won’t cannibalize one another, but “help make Eastwood more sustainable.”

“The occupancy rate inclined since Hyatt opened,” Hayward said. “There is a rising demand for hotels.”

In fact, the lodging rate in Mid-Michigan increased 2.7 percentage points from 2014 to 2015 to 61.1%, according to data from Smith Travel Research. The Hyatt Place opened in May 2015. From January to June of this year, the rate reached 63.7%, said Jack Schripsema, president of the Greater Lansing Convention & Visitors Bureau.

Schripsema said more people are drawn to the area thanks to a combination of youth sporting tournaments, more conferences being hosted in the area and the construction the Facility for Rare Isotope Beams at Michigan State University.

“There’s been more demand in the Greater Lansing area,” Schripsema said. “There’s something really good going on here in the region.”

Alexander Alusheff is a reporter for the Lansing State Journal. Contact him at (517) 388-5973 or aalusheff@lsj.com. Follow him on Twitter @alexalusheff.

Other openings

Boston’s Restaurant & Sports Bar also opened in Eastwood last month.

The restaurant is located north of Culver’s at 3301 Towne Centre Boulevard. It serves pizzas, burgers, pasta and ribs.

It is open 11 a.m. to 2 a.m. Monday through Saturday and 11 a.m.

to 1 a.m.

on Sundays.

Boston’s has more than 350 locations across North America with 40 in the U.S., according to its website.

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References

  1. ^ boutique-style Aloft Hotel, (www.lansingstatejournal.com)

2-alarm fire evacuates nearby Phoenix hotel

CAMBRIA HOTEL & SUITES FIRE IN PHOENIXPhoenix Fire Video | 0:08

A large blaze at a construction site in north Phoenix forced the evacuation of a nearby hotel on Aug.

2, 2016. Phoenix Fire Department

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CAMBRIA HOTEL & SUITES FIRE IN PHOENIXPhoenix Fire Capt. Dan Orem talks about a hotel fire | 1:01

Phoenix Fire Capt. Dan Orem talks about an early-morning fire at the Cambria Hotel & Suites, near Loop 101 and Tatum Boulevard on Aug.

2, 2016 in Phoenix.

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CAMBRIA HOTEL & SUITES FIRE IN PHOENIXCambria Hotel fire in Phoenix | 0:55

Discount Holidays © Holiday Inn Express & Suites guest Sean Wright talks about the fire, Aug.

2, 2016, at the Cambria Hotel & Suites near Loop 101 and Tatum Boulevard, Phoenix. Mark Henle/azcentral.com

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A north Phoenix hotel was evacuated early Tuesday morning after Phoenix firefighters responded to a large blaze at a nearby construction site. The second-alarm fire was reported at about 3:30 a.m. Tuesday at a planned Cambria Hotel & Suites close to a Discount Holidays © Holiday Inn Express near Loop 101 and Tatum Boulevard. Guests and employees were evacuated from the Discount Holidays © Holiday Inn, and fire crews took positions inside the hotel to keep the blaze from spreading there.

The west side of the Discount Holidays © Holiday Inn was most severely damaged in the blaze, with windows on that side of the building blown out. The sprinklers went off inside as well. Sean Wright, a Discount Holidays © Holiday Inn guest, said an alarm woke him about 3:30 a.m., and then a hotel employee came down the hall to say that there was a fire next door.

After going outside, Wright said, “We looked behind us and it was an inferno. Literally, the flames were above the sides of the building. We couldn’t believe it.”

Capt. Ardell Deliz, Phoenix Fire Department spokeswoman, said most fire crews left the scene by about 8 a.m., but there were some fire personnel remaining to ensure the smoldering piles were completely put out. No injuries were reported, according to the Phoenix Fire Department’s Twitter page3.

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