20 Dec Ibis budget hotel opens at Heathrow
Accor has signed to manage the new Ibis budget hotel at London Heathrow Central.
The 307-bedroom hotel marks the second former Travelodge hotel to open at Heathrow in the last 12 months, and the 12th Ibis signing for Accor.
Phillip Lassman, Vice President of Development at Accor Northern Europe, said: “We have seen an active appetite for Hotel Management Agreements as investors look to engage further with their businesses, particularly as we navigate the pandemic, and the signing of Ibis budget London Heathrow Central is testament.
“The evolution of the network in the UK has highlighted ibis budget as a trailblazer in the sector and we are very excited to work on this significant asset.”
Charles Scudamore, Founder of Hetherley Capital Partners, added: “ We are looking forward to combining our investor knowledge with Accor’s management expertise at the ibis budget London Heathrow Central, using a simple, bespoke solution to return the hotel’s value to pre-pandemic levels.
“Working with Accor we feel that, with a tight focus on profitability, we can achieve the best possible performance both in the face of current challenges and as the sector rights itself. We can offer fellow owners and investors the reassurance that will allow them to step back, assured that their assets are in the best possible hands.”