London, Edinburgh, Brighton and Dublin could soon be home to The Student Hotel properties. These are some of the European locations being targeted in an expansion plan from the accommodation provider, it has announced.
The organisation already has four Benelux properties (Amsterdam, Liege, Rotterdam and The Hague). It combines long and short stay provision at its locations.
This expansion is being facilitated by Perella Weinberg Real Estate, which is funding a €150 million capital increase and equity commitment which will be used for an accelerated roll out.
The Student Hotel wants its new hotels – which it will develop, operate and own – to have between 350 and 700 rooms. It wants to operate 10,000 rooms in Europe by the year 2020.
The new hotels will be located in university cities, and focussed on students as well as travellers and professionals who are young.
Thanks to its partnership with Perella Weinberg Real Estate, The Student Hotel has already acquired one-time newspaper office the Trouw/Parool Tower, Amsterdam, which it's set to make into a hotel.
“We are thrilled about our partnership with Perella Weinberg Real Estate. The movement of students between countries has become a global phenomenon," said The Student Hotel CEO and founder, Charlie MacGregor.
"The growing number of international students deserves better and more accommodation options, no matter where they go in Europe," he added.
OECD figures show that there were more than twice the number of internationally mobile students in 2011 than there were in 2000. The number is predicted to hit seven to eight million by the year 2020.
Among the current London accommodation that might appeal to student travellers are hostels Clink261 and Clink78, both of which can be found near Kings Cross train station and feature both private and dorm rooms.
Berkeley Scott is a specialist recruitment agency providing hospitality employment solutions.