Maya Capital has sourced and completed the acquisition of two extended-stay hotels on behalf of ECE Work & Live in a transaction valued at circa £25m. The assets comprise Staybridge Suites properties in Liverpool and Newcastle, both operating under the IHG brand.

The Liverpool hotel provides 132 rooms and the Newcastle hotel 128 rooms. Both are mid-sized, seven-storey properties located in established city centre locations. The Liverpool asset was modernised in 2017, while the Newcastle hotel underwent a comprehensive refurbishment in 2024.

The hotels are operated by Cycas Hospitality under management agreements and trade in the mid- to upscale extended-stay segment.

Market sources describe the acquisition price for the two assets at approximately £25m in aggregate, equating to an average of around £12.5m per hotel, although individual asset pricing has not been disclosed.

ECE Work & Live is the investing owner, with Maya Capital responsible for originating the transaction and continuing in an active asset management role across both hotels.

The acquisition marks the start of ECE’s strategy to build a UK regional hotel portfolio focused on 7–8 mid-sized assets in cities outside London, with a targeted total investment volume of up to £150m. The strategy is centred on well-located extended-stay hotels that offer resilient income characteristics and opportunities for value creation through operational optimisation and hands-on asset management.

The partners view the extended-stay sector as benefiting from strong structural demand and attractive recurring yields, underpinned by business travel, project-based occupiers and longer-stay leisure demand in regional UK cities.