Resident Hotels is getting bigger with the reported addition of Sleeperz Hotels later this year. The two brands will continue to operate as separate hotel businesses, according to a release.
RHL’s majority investor is Mactaggart Family & Partners.
Sleeperz Hotels launched in 2008 and develops and operates budget hotels located near rail stations. It currently has four locations: Edinburgh, Dundee, Cardiff and Newcastle.
According to a release, RHL’s CEO, David JM Orr, has started working with David Myers, CEO, Sleeperz Hotels and his team during a transition period, with RHL expected to take over the running of the brand through hotel management agreements, in the late summer/early autumn.
“Sleeperz has an underlying authenticity that eludes many bigger competitors and that’s really interesting for us and for investors, who are drawn to distinctive, well-run brands. We look forward to engaging with property owners and institutions as well as securing sites direct as we expand the brand and build on David’s innovation," Orr said.
“There are aligned values and synergies between Sleeperz and The Resident as a platform, as well as significant differences, and this brand gives us, as Resident Hotels Limited, the opportunity to access more destinations in the UK."
William Laxton, CEO, Mactaggart Family & Partners, added: “Sleeperz Hotels is a good fit with our investment in RHL and underlines our faith in the hotel sector and city-centre hotels in particular. We believe there is great scope for expansion in vibrant city hubs and look forward to working with the team at Sleeperz Hotels to grow this high-quality brand.”