UK-based GMI Construction Group has marked the conclusion of the topping out phase of the Hyatt hotel development in Leeds, England.

The £62.7m ($76.23m) project is part of the final phase of the Sovereign Square development in Leeds, and this 140,000ft² property will feature 305 rooms and other amenities.

Amenities will include an on-site gym, a ground-floor restaurant and bar that extends into the public plaza, conference spaces and a separate rooftop bar.

Operating under the dual brands of Hyatt House and Hyatt Place, the property will offer short and long-term accommodation for guests.

GMI Group commercial director Chris Weathers said: “Topping out is a real milestone moment, which signals the countdown to final completion. It is not only a statement building but also represents the culmination of the wider Sovereign Square development, which has succeeded in regenerating the area and making it one of the city’s go-to destinations.”

The 12-storey hotel is a joint venture formed by UK-based property asset management Marrico and real estate developer Helios for the UK Commercial Property REIT (UKCM) and Hyatt Hotels.

Hospitality company Aimbridge will operate the property on behalf of UKCM. In addition, Aimbridge has entered into a 25-year franchise agreement with Hyatt Hotels.

GMI acquired the site from Leeds City Council and commenced construction work in May 2022. 

UKCM senior asset manager Michael Clements said: “This is our first significant investment in both the city of Leeds and the operational hotel sector, and so the topping out of this 305-bedroom hotel in Leeds is an exciting milestone for us as we move towards its opening next year.

“Once complete, this project will be a brilliant, new addition to the Leeds City skyline and will provide a high-quality offering for professionals, businesses and tourists alike.”