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Sleeperz Hotels

sleeperz.com

Stage

Acq - Fin | Alive

Total Raised

$8.65M

About Sleeperz Hotels

Sleeperz Hotels is an operator of stylish budget hotels for both business and leisure travelers. The company's compact lifestyle hotels are located in close proximity to mainline railway stations on land belonging to Network Rail in the United Kingdom. It is utilizing smaller stylish rooms on irregularly shaped sites next to mainline railway terminals and offering an affordable city center living experience within a hotel environment. It is based in London, England.

Headquarters Location

Regus Business Centre 16 Upper Woburn Place

London, England, WC1H 0BS,

United Kingdom

44 20 7388 3636

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Latest Sleeperz Hotels News

Private equity firm acquires Sleeperz Hotels

May 20, 2022

Private equity firm acquires Sleeperz Hotels Deal should see investment in expansion plans, with new hotels in more UK cities The Cityroomz hotel, opened in Edinburgh in May 2013 Sign up to FREE email alerts from businessInsider - Business Newsletter sent Mon to Fri, twice each day with a full week's round up every Sat Something went wrong, please try again later.Invalid Email Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribing!We have more newsletters Show me See our privacy notice Mactaggart Family & Partners has added to its hotel holdings with the acquisition of a majority stake in Sleeperz Hotels. The investor, which owns Resident Hotels, plans to expand Sleeperz Hotels by targeting city-centre hub locations. It acquired Costain’s and Connection Capital’s stakes in the business, alongside the shares held by Sleeperz management, while also investing alongside André Hoffmann, a long-standing investor in the business. Resident Hotels’ chief executive David Orr will work with Sleeperz Hotels chief executive David Myers to review operations with an eye to growth - and Orr is expected to take over the running of the brand through a hotel management agreement, to be signed later this year. Sleeperz Hotels, which was launched by Myers in 2008, builds and operates budget hotels close to mainline rail stations in Edinburgh , Dundee, Cardiff and Newcastle. The group plans to invest further, alongside Hoffmann, Sleeperz remaining principal investor and vice chairman of Roche Holding. Orr said: “We look forward to engaging with property owners and institutions as well as securing sites direct as we expand the brand and build on David’s innovation. “There are aligned values and synergies between Sleeperz and The Resident as a platform, as well as significant differences, and this brand gives us the opportunity to access more destinations in the UK.” Sleeperz Hotel Dundee opened in July 2018 opposite the V&A, as part of a £1bn redevelopment of Dundee’s waterfront William Laxton, chief executive at Mactaggart Family & Partners, said: “Sleeperz is a different but complementary guest product and investment strategy, alongside our Resident Hotels platform, and underlines our faith in the hotel sector and city-centre hotels in particular. “We believe there is scope for expansion in vibrant city hubs and look forward to working with the teams at Sleeperz to grow this brand with our own reputation led approach to revenue at its heart.” Resident Hotels has expanded under Mactaggart Family & Partners and last year announced its sixth location, a new 166 bed hotel in Edinburgh, which is due to open in early 2024. Mactaggart Family & Partners is the operating platform of Western Heritable, a property, private equity firm and family office, with assets under management of approximately £750m.

Sleeperz Hotels Web Traffic

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Sleeperz Hotels Frequently Asked Questions (FAQ)

  • Where is Sleeperz Hotels's headquarters?

    Sleeperz Hotels's headquarters is located at Regus Business Centre, London.

  • What is Sleeperz Hotels's latest funding round?

    Sleeperz Hotels's latest funding round is Acq - Fin.

  • How much did Sleeperz Hotels raise?

    Sleeperz Hotels raised a total of $8.65M.

  • Who are the investors of Sleeperz Hotels?

    Investors of Sleeperz Hotels include Mactaggart Family & Partners and Connection Capital.

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