12.7 C
Manchester
Saturday, June 7, 2025
BlogAZ Real Estate brokers £4m investment in Manchester hotel for Russian investor

AZ Real Estate brokers £4m investment in Manchester hotel for Russian investor

AZ Real Estate, the London and Moscow based real estate consultancy, has brokered a £4m investment in the Hilton Hotel, Manchester Airport, on behalf of a private Russian equity investor.

The £4m equity is part of a wider pool of overseas investment into the hotel, with the fund management process being overseen by Regency Project Management. Scheduled to open in 2021 and with a GDV of £116m, the scheme is being developed by Versant Developments and will form part of the wider hotel district at Manchester Airport. It will comprise 600 rooms and become one of the leading hotels in the £1bn Airport City Masterplan taking place across a period of 12 years, which includes a series of new consumer facilities including circa 50 food, beverage and retail outlets as well as technological improvements and expansions to the airport terminals. The brand new hotel district, which will see the construction of four new hotels between now and 2021, will capitalise on the 25 million customers that pass through Manchester Airport every year.

Alisa Zotimova, founder and CEO of AZ Real Estate, commented: “With an increasingly transient generation and globalised business environment, hotels are fast becoming some of the most reliable assets for investors with long term potential. They represent an excellent opportunity in areas with guaranteed high footfall, and the combination of Manchester’s rapid growth and £1bn airport masterplan looks set to make this a highly successful transaction.”

“The investment serves as further evidence of overseas investors increasingly looking beyond the confines of the capital’s residential asset class when it comes to portfolio expansion. The regions, particularly the likes of Manchester, Birmingham and Leeds are fast-becoming some of the UK’s most attractive and sustainable investment destinations as vast regeneration projects take shape.”

Danilo Lacmanovic, Regency Project Management, commented: “Manchester’s revival has been a real success story for the UK and investors are keeping tabs on the opportunities available across commercial assets in particular. The rapid growth of the tourism sector coupled with Manchester’s status as a leading business destination makes the Hilton Hotel one of the most attractive commercial investments in the region and we look forward to its opening.”

Latest

Bouquet basics for Dad: Flower expert shares how to make those Father’s Day blooms last

A flower expert has revealed his top tips for dads to look after their blooms if they receive them for Father’s Day. Colourful bouquets and...

The Kim Jong Un Billboard That’s Shaking Up Manchester’s Fashion Scene

An eye-catching new billboard in Manchester featuring North Korea’s leader is challenging norms—and turning sustainable fashion on its head. A giant image of Kim Jong...

Heat Engineer Software Limited receives significant investment from Greenarc

Heat Engineer Software, the Lancashire based company at the forefront of heat loss calculations and the sizing of both renewable and traditional heating equipment,...

Pioneering project to change way people travel in Britain

A pioneering project is set to transform how people explore and move across Britain and Ireland. Slow Ways, a non-profit Community Interest Company, has already...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Pioneering project to change way people travel in Britain

A pioneering project is set to transform how people explore and move across Britain and Ireland. Slow Ways, a non-profit Community Interest Company, has already...

The Kim Jong Un Billboard That’s Shaking Up Manchester’s Fashion Scene

An eye-catching new billboard in Manchester featuring North Korea’s leader is challenging norms—and turning sustainable fashion on its head. A giant image of Kim Jong...

Heat Engineer Software Limited receives significant investment from Greenarc

Heat Engineer Software, the Lancashire based company at the forefront of heat loss calculations and the sizing of both renewable and traditional heating equipment,...

Bouquet basics for Dad: Flower expert shares how to make those Father’s Day blooms last

A flower expert has revealed his top tips for dads to look after their blooms if they receive them for Father’s Day. Colourful bouquets and...

More News

Flexiss Group Partners with Compound Real Estate on £300 Million Comporter Self-Storage Portfolio

Flexiss Group and Compound Real Estate have announced a major £300 million partnership to create a premier self-storage portfolio, strategically located across London and...

How Manchester’s Tech Startups Are Powering Growth with Headless CMS Architecture

In no time at all, Manchester has emerged as one of the UK's leading technology hubs. The city is home to a vibrant startup...

St George’s Day parade returns to Manchester

The St George's Day Parade, a beloved fixture in Manchester's event calendar for nearly two decades, returns on April 27 with its vibrant celebration...