SevenCapital expands portfolio with Birmingham hotel purchase

46
0

A Birmingham property group known for its work in the residential sector has acquired a hotel in the city to expand the hospitality arm of the business.

SevenCapital has bought the 186-bedroom Royal Angus in St Chads Queensway for an undisclosed fee.

The company said it planned to completely transform the hotel into a four-star luxury aparthotel building, with work set to start shortly and become completed in early 2022.

SevenCapital was also behind the regeneration of the former Five Ways Shopping Centre and Auchinleck House in Broad Street which opened as a Park Regis hotel in 2016.

It is best known in Birmingham for leading a string of residential projects including the conversion of the old Harrison Drape factory and the ongoing Connaught Square scheme, both in Digbeth.

The Birmingham Apprenticeship Awards are back for a second year, in partnership with the Ladder for Greater Birmingham. The event will be held online only on Friday November 27, 2020 and will celebrate apprentices, employers and training and education providers.

The awards are free and easy to enter via our online form which can be found here along with those all-important T&Cs. The deadline for entries is Friday September 18.

If you have any questions about entering or the awards in general, please email tamlyn.jones@reachplc.com and contact andrew.robinson01@reachplc.com or nikki.kandola@reachplc.com if you would like to learn more about becoming a commercial partner of the awards.

For more information visit our events website here and please follow the hashtag #BAA20 for updates on social media.

Group managing director Damien Siviter said: “The Royal Angus Hotel is a very exciting acquisition for SevenCapital that will allow us to expand our hotel ownership while helping to uphold and further boost the hospitality sector and create jobs within Birmingham.

“This will be especially important in helping to meet and alleviate demand ahead of the upcoming 2022 Commonwealth Games which will see unprecedented pressure and spotlight put on the city.”

Bal Sohal, chairman of SevenCapital Group added: “SevenCapital remains, first and foremost, committed to supporting and championing Birmingham, the home of our headquarters, as a truly world-class city.

“The Park Regis hotel has already proven a popular and successful brand with our existing hotel at Five Ways and we fully expect this to build on that success, helping to boost the local economy through tourism while creating much-needed, continual employment opportunities for the local community.”


Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here