Property investor Vastint has exchanged contracts on a land sale with Muse Developments, to bring forward a 168-bedroom Courtyard by Marriott hotel in Chester.
The hotel forms the second phase of Chester’s £120m City Place development, following the construction of One City Place, which launched in 2016.
City Place aims to provide 430,000 sq ft of grade-A commercial space, as part of Chester’s new central business quarter. Muse is delivering the scheme in partnership with Cheshire West and Chester Council.
Kate Howe, senior development manager at Muse Developments, said: “The addition of Marriott International’s Courtyard brand at City Place will provide both occupiers and visitors with a bespoke-designed, high-quality facility that will deliver an exceptional food and beverage offering.”
Councillor Richard Beacham, cabinet member for housing, regeneration and growth at Cheshire West and Chester Council, said: “The visitor economy brings £2bn a year to our borough, which is an increase of 4.4% since 2010. West Cheshire welcomes over 36m visitors a year, with over 12m visitors coming to Chester, so this investment in more hotel rooms is really important for local growth.”
Avison Young acted on behalf of Muse Developments. Avison Young and CBRE are joint agents for City Place.
To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette
