ECE Work & Live has acquired two extended-stay hotels operating under IHG’s Staybridge Suites brand in Liverpool and Newcastle for an undisclosed price.
The Staybridge Suites Liverpool, opened in 2008 and offers 132 rooms across seven floors. The Staybridge Suites Newcastle opened in 2009 and underwent a comprehensive refurbishment in 2024. It features 128 rooms across seven floors. Both sites are managed by Cycas Hospitality.
ECE Work & Live intends to build a portfolio of seven to eight mid-sized hotels in UK regional cities with a total investment volume of up to £150m. The focus will be on established properties in strong locations with stable performance and management agreements under leading brands, as well as assets with value-add potential, including vacant possession opportunities. Value will be generated through operational improvements and active asset management.
ECE has partnered with Maya Capital, which has contributed its sourcing capabilities and will also act as asset manager on the transaction.
Jan-Hendrik Walloch, managing director investment at ECE Work & Live, said: “The acquisition of the two Staybridge Suites hotels in Liverpool and Newcastle is part of our opportunistic approach to invest in smaller scale UK hotel assets that, on an individual level, are too granular and often overlooked by institutional investors. Extended-stay concepts are in high demand in the UK and offer attractive recurring yields. We welcome the opportunity to build a portfolio with value-enhancing potential.”
David Pralong, managing director of Maya Capital, added: “This venture combines both our expertise and resources to create value in a hotel segment where we have high conviction and that continues to show strong operating performance.”
Savills represented ECE Work & Live on the transaction.
