Shoosmiths advises Roomzzz on first aparthotel in Scotland
June, 2017 - Edinburgh, England
PROPERTY lawyers at national law firm Shoosmiths have advised luxury aparthotel brand, Roomzzz, on their expansion into Scotland with a brand-new aparthotel confirmed within the £1bn Edinburgh St James development, scheduled to open in 2021.
The new Roomzzz Edinburgh aparthotel will take prime position within the 1.7 million sq ft Edinburgh St James development in the heart of the city. With 73 luxury apartments planned, from smart studios to luxury penthouses, Roomzzz Edinburgh will give guests the luxury of a boutique hotel with the convenience and home comforts of a serviced apartment.
The development will become Edinburgh’s most popular retail hub, with a line up of 86 new shops over four floors, 20 restaurants and a flagship Cinema, guests to Roomzzz Edinburgh will benefit from unrivalled local amenities. The new aparthotel will be ideally situated within a close proximity of tram and bus transport links and just a short, three-minute walk from Waverley Station.
The Shoosmiths property team was led by real estate partners, Richard Outhwaite and Janette Speed with support from senior associate John Dunlop and construction senior associates, Neil Armstrong and Sally Haslewood. The team advised on the lease agreement in respect of the aparthotel and other associated legal proceedings.
Naveen Ahmed, CEO of Roomzzz, said; ‘The team at Shoosmiths, led by Richard and Janette, have provided us with exceptional advice on this important and complex deal as Roomzzz launches in Scotland.
‘The Edinburgh St James development in Edinburgh is the perfect location for the Roomzzz brand to launch and our expansion into the Scottish capital is a significant milestone for Roomzzz as we look to grow our successful portfolio of luxurious aparthotels across the UK.’
Shoosmiths’ Richard Outhwaite, added: ‘It has been a pleasure for us to advise Roomzzz on such a significant deal. St James is set to become a popular retail destination in the heart of the city and we wish Roomzzz every success going forward.'
Roomzzz Aparthotels are conveniently located in the UKʼs most vibrant city centres, including Leeds, Manchester, Newcastle, Nottingham and Chester, and appeal to both corporate and leisure travellers alike with guests staying for one night to a year.
Roomzzz Aparthotels has appointed Christie & Co to spearhead their expansion plans and grow their portfolio of Aparthotels across the UK.
Shoosmiths' national real estate team services a wide variety of clients across the UK on real estate, construction, planning, property litigation and environmental issues. Clients range from commercial and residential developers to investors, retail and leisure operators and public sector bodies including Bellway, St Modwen Properties PLC, Allied London, Marstons, Northwood and Galliford Try.
