UK: Real estate asset manager Criterion Capital has acquired Mansell Court docket in Tower Bridge to help the growth of its reasonably priced resort model Zedwell.
Set to open as Zedwell Tower Bridge, the 200-room property will mark the second Zedwell within the Metropolis of London. It follows the acquisition of One Princes Street in November final yr.
The addition of Zedwell Tower Bridge takes the model’s pipeline to greater than 9000 rooms throughout the UK. Upcoming openings are deliberate in London, York, Manchester, and Edinburgh.
Windowless by design, the Zedwell model is developed in-house and its “cocoons” (visitor rooms) function body-cushioning mattresses, ambient lighting, purified air, and noise-reducing partitions.
Halima Aziz, head of inns at Criterion, mentioned: “The acquisition of Mansell Court docket is an thrilling addition to our increasing portfolio, and we’re thrilled to convey our progressive Zedwell idea to a second web site within the Metropolis of London.
“This milestone not solely strengthens our presence in one of many world’s most visited locations but additionally displays our ongoing dedication to delivering accessible, environmentally accountable, and thoughtfully designed city retreats. We’re proud to align intently with the Metropolis of London’s ‘Vacation spot Metropolis’ technique and we look ahead to contributing to its imaginative and prescient for a thriving and sustainable future,” she added.
Highlights:
• Criterion Capital has acquired Mansell Court docket to develop Zedwell Tower Bridge.
• It’ll mark the second Zedwell resort within the Metropolis of London, following One Princes Road.
• The model pipeline now consists of greater than 9,000 rooms throughout the UK.
• Future openings embrace additional inns in London, York, Manchester and Edinburgh.
