Oakmoor Deeley has struck a deal with Radisson Edwardian Hotels to be the leisure anchor for its £130m mixed-use Belgrade Plaza development in Coventry.
Radisson is to open a new 184-bedroom hotel, which will comprise a fitness complex and 12,000 sq ft of conference and banqueting facilities.
The hotel will be open for trading in 2008.
The £40m hotel forms a key part of the development which hopes to create a new cultural, entertainment, leisure and living quarter in the heart of the city centre.
Radisson Edwardian’s Nick Smart, said: “We’ve been looking for opportunities across the UK and feel that Coventry is a perfect location to serve the region.”
The investment follows on from Bingo-operator Gala taking 30,000 sq ft for a casino on the site, while Premier Travel Inns will operate a smaller 109 bedroom budget hotel.
Belgrade Plaza will sit on a site between the Belgrade Theatre and the ring road.
Plans also include; five bars and restaurants, 300 flats and car parking spaces in an extended Leigh Mills car park on the 3.5-acre site.
Atisreal acted for Oakmoor Deeley on the hotel transaction, while Shortland Horne and Wright Silverwood are joint letting agents for Belgrade Plaza.
References: EGi News 30/05/06
