A former Hilton hotel off the M40 close to the West Midlands town of Warwick is to be reflagged under Marriott’s Delta brand later this year.
The four-star property is currently trading “as a white label hotel utilising Marriott distribution” under the name “M40J15 Warwick Hotel”, but was previously known as the Hilton Warwick / Stratford Upon Avon.
Valary Hotels has taken out a £9 million loan to purchase and refurbish the hotel, ahead of being rebranded as a Delta by Marriott property in September.
Managed by Countrywide Hotels, the property features 181 rooms, a 200-cover restaurant, 80-cover lounge bar, fitness centre and 14 meeting rooms accommodating up to 450 delegates. The refurbishment works will see the lobby area and 40 of the rooms upgraded.
Oaknorth Bank – which is providing the loan – said of the property:
“Its connectivity with the M40 motorway and proximity to Stratford-upon-Avon, Warwick Castle and Birmingham Airport, have made the hotel popular with locals, as well as tourists and business travellers. It has a very good rating of 4.0 on Tripadvisor and 8.0 on Booking.com and was experiencing strong occupancy prior to the pandemic.”
Marriott acquired the Delta Hotels brand in 2015, and added its first UK properties in 2019. The Marriott website currently lists four Delta properties in the UK, in Brockworth, Milton Keynes, Nottingham and Telford.
Commenting on the news Rajiv Nathwani, CEO of Valary Hotels, said:
“Oaknorth Bank was able to put together a facility that captures the acquisition and refurbishment of the hotel, allowing us to focus on repositioning and refurbishing the site.
“Unlike many lenders, a single facility was provided resulting in us being able to go from a Hilton to a Delta by Marriott in under six months and will allow us to undertake the heaviest part of the refurbishment whilst the hotel is not yet running at full capacity.
“This was crucial to ensure we’ll be ready to rebrand in September just in time for the start of the post-summer conference season.”