PRIVATE equity firm Norlin Ventures is adding to its growing portfolio of investments in hospitality, leisure and real estate sectors by opening a Hilton hotel in Peterborough.
The Belfast company, operating under its Norlin Hotels subsidiary, has agreed a deal with Peterborough Investment Partnership – a joint venture between its city council and the GB Strategic Land Fund – to bring the Hilton Garden Inn brand to its Fletton Quay development.
Scheduled to open in 2019, the nine-story hotel will include 160 bedrooms and Sky bar, becoming a landmark feature of Peterborough’s city-centre riverside regeneration project.
Richard Irwin, director of Norlin Hotels, said he was “excited” to build upon their existing Hilton relationship.
He said: “Our successful partnership with Hilton began with our acquisition of Hampton by Hilton Exeter Airport. Hilton Garden Inn Peterborough marks a further collaboration and we look forward to welcoming guests to what will be the city’s finest hotel.”
Norlin Hotels also has plans for further Hilton franchises across the UK and Ireland.
Locally, Norlin Ventures is developing the former B&Q site on Belfast’s Boucher Road and the Quayside shopping centre in Derry.
It also runs a team within the British Touring Car Championship – BTC Norlin Racing – and has called for a BTCC race to be held in Belfast.
