Savills plc Launches Sale of £50 Million Residence Inn by Marriott Aparthotel Development in Cambridge

Reuters

05/01

Savills plc Launches Sale of £50 Million Residence Inn by Marriott Aparthotel Development in Cambridge

Savills plc has launched the sale of a prime development site in Cambridge for a 134-bedroom aparthotel under the Residence Inn by Marriott brand. The site, which has secured full planning consent as of January 2025, boasts a Gross Development Value exceeding £50 million. The aparthotel is designed to meet high sustainability standards, including a BREEAM 'Excellent' certification, and will feature amenities such as an open plan reception, lounge, restaurant and bar, gym, and business centre. Located adjacent to the River Cam and close to Cambridge City Centre, the site offers easy access to Cambridge North and the Cambridge Science Park. This opportunity addresses the undersupply of extended-stay accommodations in Cambridge, a major hub for business, leisure, and education, and aims to deliver strong returns through its high margin operational model.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savills plc published the original content used to generate this news brief on May 01, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savills plc published the original content used to generate this news brief on May 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B0T0GQ85.USD","symbol_name":"路博迈美国房地产基金A Acc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250501:nNDLbfddpk:1","article_id":"2532027599","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532027599","pubTimestamp":1746089133,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Savills plc has launched the sale of a prime development site in Cambridge for a 134-bedroom aparthotel under the Residence Inn by Marriott brand. 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