Friday, 19 December 2014
Dominvs Group and McAleer & Rushe sign €127.4 mln new hotel building contracts (UK)
Dominvs Group and contractor McAleer & Rushe signed the first in a series of phased contracts, worth in excess of £100 mln (€127.4 mln), to build out a development programme of hotels, across the UK.
The first legal agreement signed by Dominvs was a £26 mln (€33 mln) contract with McAleer & Rushe to design and build two hotels in Aberdeen close to the airport.
The Holiday Inn Express boasts 193 bedrooms, whilst the 4-Star Crowne Plaza Aberdeen Airport will feature 165 bedrooms, meeting rooms and banqueting suites.
McAleer & Rushe began construction in March 2014, and the Holiday Express is scheduled to open in June and the Crowne Plaza in September of 2015.
The next £25 mln (€31.8 mln) contract to be signed in the New Year is for McAleer & Rushe a 306-bedroon four-star Holiday Inn on Aytoun Street, in Manchester, the last piling was already recently completed at the site. This will be followed by a contract with McAleer & Rushe to construct a 200-bedroom four-star hotel conversion of the Grade II-listed Tower Bridge Magistrates Court in Tooley Street, London, SE1. Further partnership projects with Dominvs Group in London and Oxford are expected to follow.
Preetpal Singh Ahluwalia who led the contract negotiations and project implementation at Dominvs Group said: “Signing this first contract with McAleer & Rushe cements an already strong relationship built on trust and mutual professionalism. Both companies share a strong family ethos, strong management teams and a reputation for integrity. This is a long term partnership and I predict we will do a lot of work together.”