Sheffield’s newest hotel has opened for business a month ahead of schedule, creating 40 new jobs.
The £10 million, 161-bed hotel is the first ‘next generation’ Holiday Inn Express Hotel to be built in any major UK city.
The development was undertaken by Amber Hotels, which owns the Grade II listed Holiday Inn Royal Victoria Hotel, with backing from Yorkshire Bank Financial Solutions Centre, through its Investing for Growth initiative.
Amber Hotels director Hermann Beck said: “Trading conditions remain tough in the hotels sector in the regions but this new format of branded, limited-service hotel is outperforming the market because it meets consumer aspirations and offers real value. Because of this we feel that this is right time to open our Holiday Inn Express Hotel.
“Our Holiday Inn Royal Victoria Hotel has significant conference facilities but fewer bedrooms than the new hotel. Apart from the style of accommodation, the new hotel also complements The Royal Victoria by enabling us to offer more rooms for delegates and attract more large conferences to Sheffield.
“We have a long-standing relationship with Yorkshire Bank and we’re pleased to be taking this into a new era with this latest, welcome addition to the Sheffield skyline.”
The limited-service Blonk Street hotel is fitted out to a higher specification than a standard Holiday Inn Express with a spacious groundfloor and redesigned bathrooms and bedrooms appyling the latest ergonomic designs.
Yorkshire Bank business partner, Simon Bartle, said: “Hermann Beck and his team are very experienced and have run a very successful hotel in Sheffield for several years.
“We are pleased to have supported the development of the new Holiday Inn Express Hotel which we believe will be a successful venture for Amber Hotels and an exciting new facility for Sheffield.”
Yorkshire Bank’s Investing for Growth scheme allows businesses to finance growth through loan repayment holidays, interest-only repayments and extended loan and credit terms.
Businesses taking up the package can reinvest the cash into their business for expansion, new staff, equipment, machinery and business development.