CBRE NI has announced that room2 Belfast, a new aparthotel development, is for sale in the centre of the city.
room2 Belfast extends over nine storeys with 175 guest bedrooms and ensuite facilities, a number of the rooms also include a kitchenette area.
Additional accommodation within the aparthotel includes the main reception, four collaborative event spaces, chill out zone, restaurant & bar, tearoom, art gallery, gym area, laundry room, and cycle store.
room2 Belfast achieved practical completion in October 2023 and is located just behind Donegall Place, approximately 200 metres from Donegall Square and City Hall.
CBRE NI said the property is only a minutes’ walk from Belfast’s prime retailing core and is within close proximity to Belfast Grand Central Station.
The development is leased for a term of 25 years with a break option at year 20, from 11 October 2023 at a current passing rent of £1,300,000 (€1,570,510) per annum which reflects £7,429 (€8,973) per room. The tenant has the right to renew the lease for a further ten years on expiry.
room2 has established itself as a major player in the extended stay market providing a new experience-led accommodation product across core cities in the United Kingdom.
The company currently has seven committed or open sites totalling 680 bedrooms, with a vision to have 5,000 rooms operational or in the committed pipeline by 2030.
