In August 2019 Cycas signed a management agreement with Percor Capital to operate a dual-branded InterContinental Hotels Group (IHG) development in Dundee. The 85-room Staybridge Suites forms part of a refurbished linen mill, with access to the ground floor bar and restaurant offered by Hotel Indigo. The central development is a short walk from the high street and waterfront, with the hotels offering panoramic views across the city.
The deal reinforces Cycas’s long-established relationship as the largest operator of IHG’s extended-stay brand in Europe. Following the agreement, Cycas now operates six of the international hotel group’s eight Staybridge Suites hotels in the UK and a total of nine IHG-branded properties. More about Cycas’s move into the Scottish market here.