Tuesday, 1 December 2015
New hotel for Derby Riverlights
Whitbread and Moorfield Real Estate Fund III have agreed terms to bring a new Premier Inn hotel and a Thyme restaurant to Derby Riverlights.
Premier Inn will be taking over the hotel space currently occupied by Hampton by Hilton and the hotel will boast 138 rooms, as well as high quality conference facilities.
The new hotel will include a 120-cover Thyme restaurant.
John Bates, Head of Acquisitions (South) for Premier Inn said: “We are delighted to be bringing forward a new 138-bedroom hotel to the Derby Riverlights development – breathing new life into the former Hampton hotel. As well as delivering another fantastic location for our customers, it will contribute to the success and vitality of Derby’s city centre and we look forward to opening our doors to customers in early 2016.”
Charles Ferguson Davie,from Moorfield, said: “Premier Inn will be the first of a host of new occupiers at Riverlights. Since we acquired the building in May this year, it has been our aim to ensure the area becomes a key leisure destination in Derby city centre. We are currently in conversations with other potential occupiers and are confident that Riverlights will offer a popular and diverse range of restaurants, bars and leisure operators in due course.”
Located adjacent to the River Derwent, Riverlights is already home to a 105 bedroom Holiday Inn, a Genting Casino and Derby bus station with a footfall in excess of 12 million people every year.
The retail and leisure sector is a key element in the ongoing regeneration of Derby, with over 25 million visitors and £570m of retail spend recorded every year.Back