Ancoats Manchester has secured a £15.7m development and trading facility from OakNorth to deliver a Motto by Hilton hotel in Manchester.
Located in the city’s East Village, the 154-key hotel is one of the first Motto hotels to open in the UK as Hilton expands the brand’s international footprint following launches in cities including New York, Rotterdam and Tulum.
The £15.7 million facility provided by OakNorth will fully fund development and finance costs over a 25-month construction period, before converting into a trading facility for the hotel’s operational phase.
The project - spearheaded by Adi Hodzic of Dean Street Developments alongside Jeff Britnell of Assured CMS - has already received planning approval and construction is expected to commence later this year with completion expected by Q3 2026.
What they said
Deepesh Thakrar, senior director of debt finance at OakNorth said: “This deal exemplifies our commitment to backing high-quality, forward-looking hospitality developments in prime UK locations, as well as our ability to provide umbrella facilities, where we’re able to support the business in the buy, build, and stabilise of the hotel all under one agreement. Adi and the team have an outstanding track record and a strong vision for bringing Hilton’s Motto brand to life in Manchester, so we’re proud to play a role in supporting this exciting regeneration project.”
Adi Hodzic, development manager said: “The Hilton Motto brand is a great fit for Manchester’s vibrant and evolving cityscape. With OakNorth’s support, we’re confident in delivering a best-in-class hospitality experience that speaks to the next generation of travellers.”