Dominus divests Courtyard by Marriott Oxford City Centre for £74m

Dominus has sold the Courtyard by Marriott Oxford City Centre successful the UK to Millemont Capital Partners for £74m ($97m).

The merchantability is claimed to beryllium "the largest municipality single-asset edifice transaction extracurricular of London" truthful acold this year.

Dominus CEO Preet Ahluwalia said: "The palmy improvement of the Courtyard by Marriott Oxford City Centre and 7 years of exceptional trading reflects our quality to make worth crossed the afloat task beingness cycle, from concern done planning, improvement and operations.

"After 12 years of ownership, present is the close clip for america to realise that worth and reinvest the superior into new, value-add edifice plus absorption and improvement opportunities."

Dominus bought the tract off-market successful 2014.

It aboriginal secured readying consent for edifice usage and developed a 160-room scheme. A extortion hold precocious added a further 9 rooms to the property.

The institution operated the edifice nether the Courtyard by Marriott emblem since 2019, reporting occupancies consistently supra 90%.

Millemont Capital Partners co-founder and CEO Ashley Shaw said: "This acquisition reflects our continued absorption connected securing high-quality, operationally resilient edifice assets successful beardown UK markets.

"With much than £150m of transactions completed successful the archetypal fractional of 2026, we stay committed to identifying opportunities that connection semipermanent worth and maturation potential.

"Oxford's exceptional premix of leisure, world and firm request makes it 1 of the astir charismatic edifice markets successful the UK. We look guardant to moving intimately with our operating partner, TROO Hospitality, to further heighten the asset's show and unlock its afloat potential."

Real property services and concern absorption institution JLL served arsenic the advisor for this transaction.

In February, Dominus and Cheyne Capital secured support from the City of London Corporation to person Ibex House into a 382-key hotel.

"Dominus divests Courtyard by Marriott Oxford City Centre for £74m" was primitively created and published by Hotel Management Network, a GlobalData owned brand.