UK: Staycity has signed a £17 million for 170 apartments in Birmingham’s Jewellery Quarter
Set to open in May 2015, the one- and two-bedroom apartments
will join the 82 apartments Staycity operates in Birmingham's
Arcadian centre, near New Street Station.
Staycity CEO Tom Walsh said: "We are delighted to announce this deal, which is an important part of our European expansion strategy. Birmingham is one of the most important business and leisure centres outside London. This property will give us a stronger foothold in the city as the demand for serviced apartments grows."
Staycity has more than 1,000 apartments across eight European cities including Dublin, Edinburgh, Liverpool, London Heathrow, Manchester, Paris and Amsterdam. It is aiming to expand its operations to 5,000 apartments over the next five years.
Later this month the company will open 161 apartments across two properties in Greenwich, London, followed by openings in Venice and Lyon. It recently appointed former Accor chief operating officer Michael Flaxman as a non- executive director.