Oakland Holdings have confirmed room2 hometels, backed by the Lamington Group, have signed an agreement for lease of a new 175-unit aparthotel to be built in Belfast City Centre.
Alongside its 175 apartments, there will also be F&B facilities at ground floor level and meeting and conference spaces on the first floor.
Conceived in 2015, the hometel concept is the brainchild of brothers Robert and Stuart Godwin.
room2 currently has two operational locations, the Southampton Hometel and Hammersmith Townhouse, both of which have performed strongly since opening.
Property agents CBRE Hotels and A&L Goodbody, Solicitors, acted for Oakland Holdings in the transaction.
Robert Godwin of the Lamington Group explained: “We are delighted to be expanding and introducing our concept to the Belfast market which is maturing and changing at a very fast pace. This development ticked all our boxes in terms of its location, its modern and contemporary design and its turn-key specification.”
Construction of the new aparthotel is due to commence shortly, and a completion is anticipated in Q3 2021.