United Kingdom
Somerston Capital, based in London, is an investment advisor and asset manager to the Somerston Group, focused on hotels, healthcare and land development.
The team are currently responsible for the development of Hotel Indigo projects in Bath Spa and Stratford-upon-Avon and are actively progressing healthcare and other land development projects.
Previously Somerston Capital built up, through development and acquisition, Somerston Hotels, a portfolio of 34 Holiday Inn Express and Hampton by Hilton branded hotels owned and operated by Somerston Group – then, with Somerston as advisor, rebranded to Atlas Hotels and enlarged to 47 hotels following acquisition by Lone Star in 2014.
Hotels
Developments
St James’s Hotels
Bath – Grade I listed refurbishment and redevelopment project to create a 166 bedroom Hotel Indigo, including The Elder restaurant & The Jib Door members club.
Stratford – Grade II* refurbishment project to create a 93 bedroom Hotel Indigo, including The Woodsman restaurant.
Castlebridge
Chester – New-build 74 bedroom Hotel Indigo in the centre of Chester, including the WOOD restaurant.
Operational
Between St James’s Hotels and Castlebridge there are:
Owner-operated – 499 No. keys under management.
Third party management contracts – 178 No. keys under management.
843 bedrooms under development and 694 bedrooms operational
Somerston Development Projects
Somerston’s development team take an entrepreneurial approach to land and development, often bringing forward schemes on more challenging sites that require a longer term strategy. The team has particular experience in the healthcare and hotel sectors, with more recent work including mixed use development schemes.
Somerston understands that planning and development is an emotive subject that is rarely straightforward. Our aim is to work closely with all stakeholders with a view to developing schemes that are needed, and importantly work for both the occupiers and the local community.
Somerston’s entrepreneurial background allows us to structure deals in a multitude of ways ranging from a straightforward purchase to joint ventures, working directly with landowners.
