Aberdeen ‘Marischals’ key hotel investment

The 126-room Residence Inn by Marriott will cost around �18 million to build. Picture: Bill Henry
The 126-room Residence Inn by Marriott will cost around �18 million to build. Picture: Bill Henry
Share this article
0
Have your say

Hotel chain Marriott is to open its first Residence branded outpost in Aberdeen in a move seen as a major coup for the city council’s £107 million Marischal Square project.

Yesterday the firm signed up to build a “signature” hotel on the square, which the council is developing in partnership with urban regeneration and property specialist Muse Developments.

The 126-room Residence Inn by Marriott will cost around £18 million to build and will create about 30 full-time jobs once it opens.

Tim Walton, vice-president for international development at Marriott, said: “We are thrilled to be part of the exciting development plans for Marischal Square as we continue to expand our Residence Inn by Marriott brand in Scotland.”

He said Aberdeen was second only to London in terms of growth in its hotels market. Work on the hotel, which is aimed at the extended-stay business and leisure markets, will begin next month and is expected to be completed by the summer of 2017.

Aberdeen City Council leader Jenny Laing said: “This agreement is a major boost for the city and highlights the strong appeal of both Aberdeen and the new Marischal Square development to top-flight international businesses.”

The Marischal Square scheme is fully funded by Aviva Investors.

The site was once dominated by the former Aberdeen City Council headquarters building St Nicholas House, and is being redeveloped to include Grade A office space with associated car parking, retail space, cafes, restaurants and civic space, along with public areas and the new hotel.

The whole scheme is expected to be completed in 2017.

SUBSCRIBE TO THE SCOTSMAN’S BUSINESS BRIEFING

Get the latest business headlines from a variety of news sources emailed to your inbox each morning