Dominvs Group and McAleer & Rushe sign new hotel contracts
Dominvs Group and contractor McAleer & Rushe have signed the first in a series of phased contracts, worth in excess of £100m, to build out a development programme of hotels across the UK.
The first legal agreement signed by Dominvs was a £26m contract with McAleer & Rushe to design and build two hotels in Aberdeen close to the airport. The Holiday Inn Express boasts 193 guestrooms, whilst the four-star Crowne Plaza Aberdeen Airport will feature 165 guestrooms, meeting rooms and banqueting suites
McAleer & Rushe began construction in March 2014, and the Holiday Express is scheduled to open in June 2015, followed by the Crowne Plaza in September 2015.
The next £25m contract to be signed in the New Year is for a 306-room Holiday Inn on Aytoun Street, in Manchester. This will be followed by a contract to convert the Grade II-listed Tower Bridge Magistrates Court, London, into a four-star hotel. Further partnership projects in London and Oxford are expected to follow.
Preetpal Singh Ahluwalia who led the contract negotiations and project implementation at Dominvs Group comments: “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.”
Eamonn Laverty of McAleer & Rushe adds: “I think both companies have quickly gained the measure of each other, we like doing business together and have established a very strong personal rapport with each other. Dominvs Group combines experience with a dynamic business model, which is underpinned by a £300m portfolio across the commercial, hospitality and residential sectors and this is an exemplar partnership for us.”
