Derby-based serviced apartment provider, The Stay Company, has added another site to its property portfolio.
The business, which has its HQ in Friar Gate, has secured the lease on a new, purpose-built block in Nottinghamshire.
The development in Gedling, called Phoenix Court, will offer nine serviced apartments, with both one and two bedroom options all provided with private off-street parking.
This new acquisition by The Stay Company takes the total number of apartments it has over the 100 mark, located across several sites in Derbyshire and Nottinghamshire.
Dan Wilkinson, director of The Stay Company, said: “It is clear there is a growing demand for affordable, extended stay accommodation in and around the East Midlands.
“This latest addition in Nottinghamshire reflects this strong growth and expansion of businesses across the East Midlands. We believe the site in Gedling complements our other offerings perfectly, adding to Whitefriars House in Nottingham city centre and Devonshire Court in West Bridgford.
“It is so rewarding to be able to grow the number of serviced apartments that we can offer our clients. Extending our portfolio across the East Midlands has been our plan for some time.
“Phoenix Court presented us with the perfect opportunity to expand beyond our Derby and Nottingham city centre presences and grow our quality brand. Busy times are certainly ahead for The Stay Company.”
In October 2022, The Stay Company launched Whitefriars in Nottingham city centre – a £2m development providing serviced apartments for corporate and leisure guests just off Nottingham’s Old Market Square.
It transformed three levels of the four-storey building into 17 open plan studios, and one and two bedroomed apartments. It also added an additional floor with an architect-designed, state-of-the-art mansard roof extension.
Manjas Lidder, owner of The Stay Company, said: “The standard of this new development at Phoenix has remained extremely high, as with all our properties, and we are delighted to add this site to our growing portfolio.
“These apartments offer spacious and flexible accommodation for clients looking for extended and short-term stays.”
