Marrico, in joint venture with Helios Real Estate, has secured £46 million of forward funding from Aberdeen Investments for the delivery of a new room2 hometel in Leeds city centre. The scheme, located on the former Leeds International Swimming Pool site, forms the third phase of the wider Lisbon Street regeneration in the West End of Leeds. Marrico will act as developer, with Lamington Group secured as operator under its room2 hometel brand, following the completion of an Agreement for Lease.
The 17-storey development will comprise 200 rooms, including a mix of studio, one- and two-bedroom suites, combining the flexibility of apartment-style living with the services of a traditional hotel. The scheme will will include a ground floor café and bar under the Winnie’s brand, meeting and events space, a gym, laundry facilities and retail concessions.
Designed by DLA Architecture, construction is due to commence in May 2026, with Caddick Construction appointed as main contractor. The development is targeting completion in Spring 2028.
The building will be fully electric and powered by renewable energy, supporting room2’s ambition to deliver low-carbon, sustainable hospitality and offering guests carbon-neutral stays.
Scott Barnes of Marrico said:
“This has been a highly collaborative process with Aberdeen, room2 and Caddick Construction, alongside the wider design team, and we are proud to have brought the project forward to this stage. Securing funding is a major milestone and we look forward to delivering another high-quality hotel in Leeds following the completion of the Hyatt.”
