The MWB-owned Malmaison hotel brand is to open its first new hotel since concluding a refinancing agreement last year and the appointment of Gary Davis as the hotel group’s new Chief Executive.
The agreement is for a 35-year lease on a new 91-bedroom hotel in Dundee, Scotland’s fourth largest city.
The new Dundee Malmaison is being developed on the site of the old Tay Hotel, a listed city centre landmark building, and forms part of the £1bn Dundee Central Wateont Development.
The redevelopment will start in spring 2012 with completion expected in May 2013. On completion it will create 120 new jobs and become Malmaison’s 13th hotel.
“The regeneration on the Dundee wateont is underway and we are delighted to have secured the lease on this property that will enable us to create a prestigious hotel on the site,” said Davis who noted his objective was to oversee an expansion of the Malmaison and Hotel du Vin business.
Scotland’s First Minister Alex Salmond said: “MWB’s decision to open a new Malmaison in Dundee reflects the significant opportunities for development and growth in the city. The city’s successful games sector and the creation of the V&A at Dundee strengthen its reputation as a centre for the creative industries and its ability to attract new investment and visitors.”
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