Maldron Hotel Manchester
Catalyst Capital and Sir Robert McAlpine Capital Ventures start £47 million Dalata Maldron hotel development in Manchester
Catalyst Capital, the European real estate investment, development and asset management firm, in a joint venture with Sir Robert McAlpine Capital Ventures (SRMCV), the development arm of the Sir Robert McAlpine group, is to start development today of a 17-storey, 278-bedroom Maldron hotel in central Manchester.
Maldron hotel Manchester
Photo by Catalyst Capital
The £47 million development is located on Charles Street, opposite Circle Square and sits within the strategic Oxford Road Development Corridor.
Having secured Dalata Hotel Group to lease the hotel with its Maldron brand, Catalyst obtained planning consent for the development on 31 May this year. Aviva Investors is forward-funding the development and McAleer & Rushe has been appointed to carry out the Design & Build works.