Topland launches hotels joint venture with Trafford City site

 
Kasmira Jefford
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TOPLAND Group is planning a further foray into the UK hospitality sector after launching a joint venture with Marick Real Estate and Mill Lane Estates.

The trio said yesterday they plan to target hotel developments across the UK starting with a new scheme called the Trafford City Hotel opposite the Trafford Centre shop­ping mall in Greater Manchester.

The group bought the 1.57 acre site from Peel Holdings and plan to turn it into a 203-bedroom hotel, with work due to start next year.

Topland, led by billionaire brothers Sol and Eddie Zakay, owns a portfolio of over 220 properties worth around £3bn. It also owns a around 40 hotels, including the five-star Royal Crescent Hotel in Bath.

The joint venture comes after Topland provided Marick with a £22m loan to build a 190-bedroom Hampton by Hilton hotel at London City Airport.

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