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Hilton Garden Inn Picks Butterfield as it's first UK Location - [05-06-2007]

HILTON GARDEN INN PICKS BUTTERFIELD BUSINESS AND TECHNOLOGY PARK IN LUTON NORTH AS ITS FIRST UK LOCATION

Developer Easter Group has secured Hilton Hotels as the first major name at its one million sq ft Butterfield business and technology park in Luton heralding the first of a number of deals that are under negotiation.

Easter, on behalf of the landowners including The Crown Estate, has negotiated the sale of a 3.1-acre site to Oxford GB Ltd to develop a 155-bedroom mid market Hilton Garden Inn hotel, the first one of this international brand to be built in the UK. The £16m hotel is a high quality business hotel, with business centre, fitness suite and 10 meeting rooms (for up to 250 delegates). It is being funded by the Luton Hotel Syndicate set up by Tritax Assets Ltd which has a substantial portfolio of hotels.

Peter Taylor, Easter Group’s managing director said: “It is a great start to have Hilton choosing Butterfield as the first location in the UK for its Hilton Garden Inn brand. Luton and its growing international airport is becoming a major business location and this hotel will provide a considerable boost to the regional economy.”

The building has been designed to achieve BREEAM "VERY GOOD" standard, which is unusual for hotels and includes a Bio-mass boiler system, which is fuelled by wood/wood-pellets.

Oxford GB is a specialist developer of hotels in the UK, being a JV between Oxford Hotels and Gleeson Building Ltd. Oxford GB has created a unique formula with Tritax, whereby both parties achieve additional financial value by investing in sustainable technology. Simon Wood of Oxford GB says: “We have been developing the concept of additional value from using sustainable technology for some time, and are delighted to have worked together successfully with the forward thinking Tritax fund, who share this vision.”
Butterfield is a new 85-acre business and technology park fronting the A505 dual carriageway on the north-east side of Luton. The Hilton Garden Inn Luton North will take a prominent location at the entrance to Butterfield. Other developments on the new business park include Easter’s first phase of development, The Village, which offers office accommodation of the highest quality build and finishes from 1,500 sq ft to 20,000 sq ft. The Innovation and Business Base, led by Luton Borough Council, provides small managed workspace facilities for new knowledge-based start-up firms.
Butterfield is owned freehold by The Crown Estate, Butterfield Land and Luton Borough Council.

ENDS

For further information:
Richard Aylwin
Aylwin Communications
Tel: +44 (0)20 7553 9330
Mob: +44 (0)7966 018252
Mike Forster
Easter Group
Tel: +44 (0)20 7235 3050

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