CBRE Investment Management, on behalf of CBRE UK Property PAIF, has completed the development of a new 188-bed Premier Inn hotel in York, England. Premier Inn has signed a lease agreement for 25 years on the building.
CBRE Investment Management’s main contractor, Clegg Construction, constructed the new, highly sustainable, four-story building on a one-acre plot, formerly the location of a retail warehouse leased by Carpetright.
The hotel is in a prime location on Foss Islands Road, close to York’s historic city center, where many of the city’s key tourist attractions, including York Minster and Jorvik Viking Center, are situated.
The hotel has been constructed to high sustainability standards, featuring multiple energy-saving technologies, such as air source heat pumps, heat recovery ventilation systems, LED lighting, photovoltaic panels, and electric vehicle charging points. Accordingly, the building has achieved an EPC A rating and is due to achieve a BR
