Acting on behalf of Hiscox, CBRE’s Specialist Markets team has sold a prime hotel development site in York to Vastint Hospitality.
Outline planning in place
The site is located in the Hungate area of York, adjacent to Hiscox’s new £19m office development – its largest office outside of London, employing up to 500 people. With outline planning consent already in place for a hotel development next to the Hiscox office, Vastint Hospitality is seeking to develop a purpose-built, 120 bedroom Moxy Hotel on the site.
Moxy Hotels is Marriott International’s new economy hotel brand created to shake up the hotel industry with fresh attitude and modern flair. Designed for travellers looking for something fun, stylish and a bit edgy, Moxy’s buzzy lobby, tech-savvy guest rooms and intuitive service offers a refreshing alternative to traditional and often uninspiring economy hotels.
Superb addition to York
Shaun Skidmore, Senior Director at CBRE comments; “The creation of Hiscox’s landmark new offices has drawn a significant amount of attention to the Hungate area of York and this strategically positioned site holds clear potential for the creation of a new hotel to further complement the City’s leisure provision. A Moxy hotel would be a superb and unique addition to the York hotel scene, offering a fresh and contemporary experience for the younger end of the market. We are pleased to have concluded this deal and look forward to following the site’s progress.”