Caddick Construction has officially commenced ground works at the new room2 hotel development located on Lisbon Street in Leeds city centre. Delivering the project on behalf of Marrico and Helios Real Estate, the scheme forms part of the broader regeneration of the city's West End.

Commemorated with a groundbreaking ceremony, the start of work on site signifies the first major hotel development within Leeds city centre since the Hyatt at the Sovereign Square scheme, which was also introduced by Marrico LLP and Helios Real Estate in 2022.

With construction at Lisbon Street now in progress, Caddick Construction will build the 16-storey, 200-room property. The building will offer a blend of studio and suite accommodation tailored to accommodate both extended-stay and short-term guests. Furthermore, the development will include a ground floor Winnie's café and bar, gym facilities, laundry amenities, meeting and events spaces, and retail concessions.

Positioned on the site of the former Leeds International Swimming Pool, the initiative is forward funded by Border to Coast Pensions Partnership, advised by Aberdeen Investments, with Lamington Group lined up as the operator under its room2 hometel brand.

The building was designed by DLA Architecture and will be completely electric and run on renewable energy, aligning with room2's focus on sustainability within hospitality. The project is anticipated to reach completion by Spring 2028.

Scott Barnes, Development Director at Marrico LLP, said: "It's great to see construction now underway at Lisbon Street following several years of planning and collaboration between all parties involved. This is another important step forward for the wider regeneration of the area and continues our long-term commitment to investing in Leeds city centre. We're pleased to be working alongside Helios, Aberdeen and Border to Coast, Lamington Group and Caddick Construction to deliver a high-quality, sustainable development that will make a strong addition to the city's hospitality offering."

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Zoe Thompson, Development Director at Helios Real Estate, said: "We're excited to be delivering a brand with sustainability at its core and we have no doubt this development will be a fantastic new addition to Leeds city centre and the city's thriving hospitality market. It's great to see construction now underway on site, marking an important milestone for both the project and the wider regeneration of this part of the city centre. The Lisbon Street development will play an important role in transforming the area, contributing not only to Leeds' evolving skyline but also supporting the local economy through investment, job creation and wider opportunities across the city. Reaching this stage is a testament to the strength of the partnerships behind the project and the collaborative approach of all involved. Huge thanks to Marico, Lamington Group, Aberdeen, Caddick, DLA and our legal team at Square One for their expertise, commitment and continued support in helping bring this project forward."

James McLean, Fund Manager, Aberdeen Investments, said: "Aberdeen is delighted to have advised Border to Coast on the development of a new Room2 in Leeds. The scheme is well located within a wider mixed-use development on the former International Swimming Pool site in Leeds city centre, alongside PBSA and to be developed BtR, and is within easy reach of key office, retail and transport connections. Room2 offers a sustainable hospitality model aligned with the Fund's ESG strategy, building on our existing investment in Room2 Southampton."

Steve Ford, Regional Managing Director of Caddick Construction Yorkshire & North East, said: "Breaking ground at Lisbon Street is a significant moment for everyone involved in the project and reflects the strong collaboration between all partners to bring the development forward. It's particularly exciting to see one of the first major hotel developments in Leeds city centre for several years now progressing on site, helping to drive the continued regeneration of the West End and strengthen the city's hospitality industry. As construction gets underway, our focus is on delivering a high-quality hotel that enhances Leeds' growing visitor economy and sets high standards in sustainability and construction. We are proud to be delivering another landmark city centre scheme in Leeds and look forward to seeing the development take shape over the coming months."