Supercity acquires two new properties for aparthotels

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As part of its 2015 growth plans, London-based Supercity Aparthotels has announced the acquisition of two new properties in London’s Chancery Lane and Watford.

In the heart of the capital, Supercity Aparthotels has applied for planning permission to transform the former site of the Jewish Chronicle newspaper into approximately 50 luxury suites.

With the aparthotel on the upper floors, the building will also house a gym, serviced offices and the existing pub located on the ground floor.

Supercity Aparthotels hopes to open the luxury suites in 2016, when they will be well placed to serve financial businesses and the legal industry in the City.

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The second property in Watford town centre is scheduled to open as Extended Stay Serviced Apartments in Autumn 2015, offering a luxurious, cost-effective alternative for long-term business stays.

With only 20 minutes journey time into London Euston on the main line railway, its 19 studios and 22 one-bedroom suites will provide guests with a comfortable and spacious apartment, along with second to none service – the hallmark of Supercity Aparthotels.

These new, exciting ventures will add to the growing Supercity Aparthotel offering, which currently includes The Rosebery in Clerkenwell, and Templeton Place and Nevern Place in Earl’s Court.

The acquisitions cement the success of the group, with occupancy and turnover growing year-on-year, in line with its vision to stay ahead of the curve in the serviced apartment sector.

Commenting on the acquisitions, Alexis Burton, Supercity Aparthotels MD, says: “These new acquisitions are testament to the success and hard work of the Supercity team Aparthotels.

With growing understanding and demand for aparthotels amongst business travellers and tourists alike, we’re delighted to be growing and complimenting our existing portfolio in and around London. We can’t wait for the doors of our fourth and fifth sites to open.”
 

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