The Airport Property Partnership (APP), a joint venture between Morley Fund Management and the British Airports Authority, has announced a new hotel to be built at Aberdeen Airport.
The 50/50 jv, set up in March 2005 to invest in airport related commercial property, has joined with Marriott International to develop a 180-bedroom ‘Courtyard’ hotel.
The hotel will form a part of an APP mixed-use development at Argyle Road near the airport’s main passenger terminal.
Marriott will get a long ground lease on the site, near to the headquarters of Halliburton and British Petroleum, and will include a business centre and a retail centre.
baa Aberdeen, hailed as Scotland’s fastest growing airport, is used by 3m passengers a year.
The hotel, due for completion in 2009, will be Marriott’s second ‘Courtyard’ in the UK following the current hotel under development at Gatwick Airport..