Qbic Hotels is eyeing three additional hotels in London, the dutch duo behind the Amsterdam based-brand founder Paul Rinkens and MD Paul Janmaat told Boutique Hotelier.
The brand — which specialises in affordable boutique hotels based on a cube-shaped living space called the Cubi — opened its first UK property, funded by Bridges Ventures, in East London on October 19.
“It [the concept] speeds up the development, we’re building hotels in six months and we could do it in five,” said Janmaat, revealing plans to reach 18 or more Qbic hotels within the next six years.
He said that the next property is likely to open in Paris, followed by three new London hotels covering different areas of the city.
The total investment for the new Qbic London works out at £37,000 per room and Rinkens expects to see a return on investment within three years, with room rates starting from £50 — said to be around 40% cheaper than a comparable hotel.