EasyHotel completes acquisition of site in Cardiff
Super-budget brand EasyHotel has completed the acquisition of a freehold site in Cardiff where it will develop an £8m, 120-bedroom property.
Work will now begin on the site of the former office block at Fitzalan Place, close to Cardiff Queen Street station, where the hotel will open in the 2019/20 financial year.
The company has also signed an agreement for the development of five hotels in Switzerland with a total of 174 rooms. The four hotels in Zurich and one on Basel are being developed by the group's Swiss franchisee and are expected to open over the next 14 months.
With the opening on 10 August of EasyHotel Belfast, the total number of properties in the group's portfolio will grow to 29. The company's development pipeline includes 1,280 owned/leased rooms and 1,956 franchised rooms.
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