Dominvs Group and contractor McAleer & Rushe 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 bedrooms, whilst the 4-Star Crowne Plaza Aberdeen Airport will feature 165 bedrooms, meeting rooms and banqueting suites.
McAleer & Rushe began construction in March 2014, and the Holiday Inn Express is scheduled to open in June and the Crowne Plaza in September of 2015.
The next £25m contract to be signed in the New Year is for McAleer & Rushe a 306-bedroon four-star Holiday Inn on Aytoun Street, in Manchester, the last piling was already recently completed at the site. This will be followed by a contract with McAleer & Rushe to construct a 200-bedroom four-star hotel conversion of the Grade II-listed Tower Bridge Magistrates Court in Tooley Street, London, SE1. Further partnership projects with Dominvs Group in London and Oxford are expected to follow.
The Aberdeen contract was signed for Dominvs Group by Sukhpal Singh Ahluwalia, Chairman and Preetpal Ahluwalia, Hospitality Director at Dominvs Group. Chief Executive, Eamonn Laverty and Construction Managing Director, Martin Magee signed for McAleer & Rushe.
Preetpal Singh Ahluwalia who led the contract negotiations and project implementation at Dominvs Group said:
“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 added:
“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”.
For further information please contact: Robert Gibson at Grenadier on 0207 834 6263 / 07748 182 234