Founded by Ion Equity in 2008, Pillo Hotels is an energetic new hotel brand targeting the premium 3-star and 4 star market. It is building a portfolio of centrally located hotels in Ireland and the UK which deliver fresh standards of service, convenience and comfort to its customers. The hotels appeal to a broad customer base with corporate customers generally being the mainstay during the week and leisure travellers dominating at weekends.
The Pillo Hotels management team is comprised of senior executives with extensive experience of developing and operating hotels in these markets.
Pillo Hotels is building its portfolio through a mix of new site development in the UK and through the acquisition of leases or management contracts of existing hotels in Ireland.
One of our new build projects is a 285 room hotel in Manchester city centre, for which we recently secured planning permission. We are working with a number of UK hotel developers to identify and develop other UK hotels.
In Ireland we are working with banks to assist them in recovering value from underperforming or overleveraged hotels. We are assisting banks in assessing their hotel portfolios, determine strategy and ultimately in providing management contracts and long-term leases to offer a competent operating platform for the asset, with a strong covenant. In November 2010, we were appointed to manage the former Marriott Courtyard Hotel, Headford Road, Galway and operate under our own brand, "Pillo Hotels".