Rotana to debut Centro brand in UK

Coombe Road in Kingston upon Thames and is in proximity to the Kingston Town Centre, Kingston Hospital and Richmond Park, with quick access to regular bus services. Opening in 2024, the property features 31 apartments, each designed to maximise space, light and efficiency, including smart technology and in-room entertainment.

Guy Hutchinson, President and CEO of Rotana, said: “This is a fantastic milestone for Rotana, and we are delighted to be partnering with CNM Estates to bring our awardwinning hospitality services to the UK. London remains one of the world’s largest business hubs and a key market for us as we continue expanding our footprint globally.

quality and style in each and every project. We are deeply committed to transforming spaces and bringing forward high-quality developments infused with style. We firmly believe that this partnership will provide an elevated living experience that provides comfort and convenience, matched with Rotana’s unparalleled level of hospitality. With the two first projects well underway we have a strong pipeline and are continuing our search for more locations.”

Rotana, one of the region’s leading hotel management companies, announced its entry into the United Kingdom with the launch of two new properties under its affordable hotel and serviced apartments brand, Centro. The new hotels, Centro New Malden and Centro Kingston, will become the first two properties to launch as part of a wider agreement to develop up to 1,500 keys over multiple sites across the greater London region, all under the Centro brand.

Set to launch in 2023, Centro New Malden includes 70 distinctly designed apartments furnished to a four-star hotel standard with fully equipped kitchens and separate living and bedroom areas. Situated across from the New Malden Railway Station, in the borough of Kingston Upon Thames, guests staying at the serviced apartments will enjoy easy access to Central London in under 25 minutes. Centro Kingston is located along the north edge of

“Launching in two vibrant locations in London, both properties will welcome guests to enjoy the diverse offerings of the city while having unique living spaces that provide both finesse and functionality. We look forward to continue building our success story, in line with our mission to deliver ‘Treasured Times’ to our guests across the world.”

Wahid Samady, Chairman of CNM Estates, added: “We are excited to be partnering with Rotana, a brand that reflects our dedication to delivering

The development of Centro New Malden is set to commence with the support of a development facility provided by Fairfield Real Estate Finance. Chris Wilson, Chief Executive of Fairfield Real Estate Finance, said: “We are delighted to be involved in financing the Centro in New Malden. This is an exciting concept which we think will be well received in the UK market. Rotana and CNM Estates have developed a clear vision for an enhanced hospitality experience for the business and leisure traveller.”

Colliers have been retained by the partners in the UK to provide structuring advice and execution on equity and debt funding on both the specific initial projects and for what is planned to become a platform with assets in excess of £1 billion.

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