CSD have been appointed on behalf of Marrico LLP and Helios Real Estate for their prestigious Hotel development in the heart of Leeds.

CSD have been appointed to sit client side for the Hyatt Hotel development on behalf of Marrico LLP and Helios Real Estate.

The site itself was owned by Leeds City Council and UKCM is to fund the development, which is to be completed by Marrico, for a total commitment of £62.7 million.

The 12-storey hotel is scheduled to complete in 2024 and will have a 25-year franchise agreement in place with Hyatt Hotels.

The 140,000 square foot property will comprise 305 rooms, split between the short stay Hyatt Place and the long stay Hyatt House brands. The upscale hotel will provide meeting rooms, a gym and several food and beverage options, including a rooftop bar with its own dedicated entrance.

The hotel is located on Sovereign Square in central Leeds, in a prime position adjacent to the city’s main railway station and in close proximity to a number of high-quality office developments with long term corporate occupiers.

The Scheme is due to commence in Q3 2022.