Cycas Hospitality has signed three new hotel management agreements across Denmark, France and the UK.
The ibis Styles Copenhagen Ørestad becomes the hotel operator’s first Danish property as well as Accor’s first hotel in Denmark. Part of Cycas’s strategic partnership with Borealis Hotel Group, the 186-room hotel is expected to open in December 2022 and forms part of the mixed-use Nest45 project, incorporating offices and small businesses.
Cycas has also further boosted its London portfolio with the signing of The 55 by Le Mirage hotel; a converted Grade II listed Bayswater building set to open in July this year. The 55-room property is Le Mirage Property Management’s first property in the UK and Europe.
In France, Cycas will be working with Marriott International to develop the 86-room Moxy Le Havre hotel, Cycas’s third Moxy and tenth hotel in partnership with Marriott. Owned by the family-run ETAMINE company, the hotel is expected to open by the end of 2024.
What They Said
Matt Luscombe, CEO of Cycas Hospitality, said: “These three hotels will be wonderful additions to our Cycas portfolio, timed perfectly to benefit from the recovery in our industry. We appreciate the continued trust and vision of our investment and brand partners, who have created such fabulous hospitality offers.
“With our continued expansion, we are deepening our presence and strengthening our capabilities in every major European market. I’m incredibly proud of the progress we’re making to build and develop Europe’s best hospitality team, and we look forward to establishing Cycas’s distinctive, high-performance culture in each of these new hotels.”