Contractor Clegg Construction constructed the new, highly sustainable, four-storey building on a one-acre plot, formerly the location of a retail warehouse leased by Carpetright.
Sustainable focus
The hotel is in a prime location on Foss Islands Road, close to York’s historic city centre, where many of the city’s key tourist attractions, including York Minster and Jorvik Viking Centre, are situated.
The hotel has been constructed to high sustainability standards, featuring multiple energy-saving technologies, such as air source heat pumps, heat recovery ventilation systems, LED lighting, photovoltaic panels, and electric vehicle charging points. Accordingly, the building has achieved an EPC A rating and is due to achieve a BREEAM rating of “Very Good”.
Local benefits
“We expect growth in the hotels and catering sector to outpace the wider economy during the next five years,” said Jamie Philips, Fund Manager for UK Property PAIF at CBRE IM.
“Tourism supports a significant number of jobs in York and given the strength of the city as a destination for tourists, combined with its current undersupply of hotel beds, the addition of a new modern and sustainable hotel will help to bolster York’s businesses and economy. This project sits firmly within the Fund’s strategy, providing a great opportunity to thoughtfully invest in and repurpose an existing asset, to create a long and sustainable cash flow for our investors.”
Premier Inn is the United Kingdom’s largest hotel brand, with over 800 hotels. Some highlights from their pipeline include the Premier Inn Cologne City Centre and Premier Inn Frankfurt City Ostbahnhof.
