The group responsible for The Hoxton, The Hoxton Shoreditch and recent acquisition Gleneagles is to launch a new budget hotel brand concept called NoCo.
Ennismore is aiming to open 25 NoCo hotels in key cities across the UK, with the first opening in 2018.
Each NoCo site will have between 150 and 200 rooms, with rates under £100. Guests will book and check-in for each hotel using a bespoke app. Guestrooms will be compact yet comfortable, and the eateries will aim to become destinations in their own right, much like at The Hoxton.
Sharan Pasricha, CEO of Ennismore said, “We’ve created NoCo to challenge the status quo of today’s budget brands. Travelling habits and demands have changed; as has the way that people now use hotels.
“Our aim is to raise the bar for affordable hotels and provide business and leisure travellers with a stylish alternative to bland, cookie cutter hotels so often found in cities outside of London,” he added.
Ben Russell, acquisitions director at Ennismore, added, “We have shortlisted several key cities, beginning in the UK, and are looking to work with progressive property partners on leasehold opportunities to roll-out the NoCo brand.
“We believe our exciting plans for the product coupled by our track record with The Hoxton makes Ennismore a strong proposition for local developers looking to build out hospitality assets,” he added.