Conditional acquisition of a site for development of a hotel in Chester
Today easyHotel owned by Stelios Haji-ioannou announces that it has agreed to acquire the freehold of a central site in the historical city of Chester for the development of a new-build 109-bedroom hotel. The acquisition is subject to planning permission.
Located on Forest Street, the site is ideally situated just 500 meters from Chester railway station and close to the centre of this historic walled city. A popular tourist destination, Chester is well known for its well preserved Roman forts, walls and amphitheatre with a number of major leisure attractions nearby including Chester zoo, Chester race course, Chester castle and Tatton park. The City is a busy shopping destination with a thriving business park, well-known as a specialist hub for financial services and biotech businesses.
The brownfield site will be developed into a purpose-built hotel that is expected to open in 2019. The hotel is being delivered to easyHotel as a turnkey development and the total expected cost for acquisition and construction is approximately £7 million.
