GMI commenced the construction work in May 2022. Credit: Sergey Kohl/Shutterstock.com.

UK-based GMI Construction Group has marked the conclusion of the topping out phase of the Hyatt hotel development in Leeds, England.

The £62.7m ($76.23m) project is part of the final phase of the Sovereign Square development in Leeds, and this 140,000ft² property will feature 305 rooms and other amenities.

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Amenities will include an on-site gym, a ground-floor restaurant and bar that extends into the public plaza, conference spaces and a separate rooftop bar.

Operating under the dual brands of Hyatt House and Hyatt Place, the property will offer short and long-term accommodation for guests.

GMI Group commercial director Chris Weathers said: “Topping out is a real milestone moment, which signals the countdown to final completion. It is not only a statement building but also represents the culmination of the wider Sovereign Square development, which has succeeded in regenerating the area and making it one of the city’s go-to destinations.”

The 12-storey hotel is a joint venture formed by UK-based property asset management Marrico and real estate developer Helios for the UK Commercial Property REIT (UKCM) and Hyatt Hotels.

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Hospitality company Aimbridge will operate the property on behalf of UKCM. In addition, Aimbridge has entered into a 25-year franchise agreement with Hyatt Hotels.

GMI acquired the site from Leeds City Council and commenced construction work in May 2022. 

UKCM senior asset manager Michael Clements said: “This is our first significant investment in both the city of Leeds and the operational hotel sector, and so the topping out of this 305-bedroom hotel in Leeds is an exciting milestone for us as we move towards its opening next year.

“Once complete, this project will be a brilliant, new addition to the Leeds City skyline and will provide a high-quality offering for professionals, businesses and tourists alike.”