Savills plc Launches Sale of £50 Million Residence Inn by Marriott Aparthotel Development in Cambridge
Savills plc has launched the sale of a prime development site in Cambridge for a 134-bedroom aparthotel under the Residence Inn by Marriott brand. The site, which has secured full planning consent as of January 2025, boasts a Gross Development Value exceeding £50 million. The aparthotel is designed to meet high sustainability standards, including a BREEAM 'Excellent' certification, and will feature amenities such as an open plan reception, lounge, restaurant and bar, gym, and business centre. Located adjacent to the River Cam and close to Cambridge City Centre, the site offers easy access to Cambridge North and the Cambridge Science Park. This opportunity addresses the undersupply of extended-stay accommodations in Cambridge, a major hub for business, leisure, and education, and aims to deliver strong returns through its high margin operational model.
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