Tune Hotels plans UK expansion worth £200 million

Tune Hotels, which already has eight hotels in operation across the UK and opened a new hotel in Canary Wharf in March 2015, recently confirmed an expansion plan equivalent to £200 million investment into the UK market.

Unveiling plans to open 25 new properties by 2020, the company anticipates this will create significant employment growth in the hospitality sector.

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The company opened its eighth UK hotel this month in Liverpool’s city center. The 100-bedroom hotel on Castle Street was developed by Hotel Land & Development. Work has been underway since late last year to completely strip out the new hotel site, which is adjacent to the city’s Town Hall, and replace it with a contemporary budget hotel.

“Liverpool is one of the key cities in the north-west not only from a commercial point of view, but it also has a long established tourism industry for both domestic and international travellers,” Mark Lankester, chief executive of brand, assets and capital markets at Tune Hotels, said in a statement.

“Last year saw 32 million visitors spending £2.3 billion in the city. 

“This resulted in over 560,000 overnight stays from international visitors, 1.47 million from UK travellers and some 289,000 from business tourism - there is undoubtedly a healthy demand for high-quality yet affordable accommodation. 

“This makes Liverpool the ideal destination for us to expand our UK portfolio.