Dominus sells courtyard by marriott oxford city centre for £74 million to millemont capital partners

Dominus, a leading real estate investor, developer and operator, has completed the sale of the Courtyard by Marriott Oxford City Centre for £74 million to Millemont Capital Partners. JLL advised on the transaction.

This transaction represents a landmark deal within the UK hospitality sector - the largest urban single asset hotel transaction outside of London this year - and demonstrates Oxford's position as one of the UK's highest-performing hotel markets with attractive investor liquidity.

Oxford’s hospitality market is defined by acute supply constraints, where stringent planning controls and strong heritage protections have enabled sustained outperformance against national benchmarks. The city's demand drivers — including its internationally acclaimed universities, established corporate and life sciences presence, and thriving leisure economy — underpin consistent investor appetite for income-generating assets in the city.

Dominus acquired the property as an obsolete industrial building in an off-market transaction in 2014. Navigating a complex planning environment, permission was secured to convert the site to hotel use and Dominus delivered a 160-room hotel, including a newly completed roof extension delivering nine extra rooms to the hotel.

As part of its fully integrated platform, Dominus operated the hotel since 2019 under the Courtyard by Marriott brand, delivering market-leading performance with occupancy consistently above 90%. It is ranked the number one hotel in Oxford on TripAdvisor and since 2023, the hotel has held Green Key Accreditation, a leading sustainability certification.

Preet Ahluwalia, CEO, Dominus, said: "The successful development of the Courtyard by Marriott Oxford City Centre and seven years of exceptional trading reflects our ability to create value across the full project lifecycle, from investment through planning, development and operations. After 12 years of ownership, now is the right time for us to realise that value and reinvest the capital into new, value-add hotel asset management and development opportunities."

Ashley Shaw, Co-founder & CEO, Millemont Capital Partners, said: “This acquisition reflects our continued focus on securing high-quality, operationally resilient hotel assets in strong UK markets. With more than £150 million of transactions completed in the first half of 2026, we remain committed to identifying opportunities that offer long-term value and growth potential.

Oxford’s exceptional mix of leisure, academic and corporate demand makes it one of the most attractive hotel markets in the UK. We look forward to working closely with our operating partner, TROO Hospitality, to further enhance the asset’s performance and unlock its full potential.

The acquisition also underscores our positive outlook on both the UK hospitality sector and the broader real estate market.”

Will Duffey, Head of EMEA Hotels & Hospitality, JLL, said: "This milestone transaction demonstrates our team's ability to secure exceptional assets in markets defined by both scarcity and sustained demand, reaffirming Oxford's position among the UK's best performing and attractive hotel markets."

Dominus is a real estate investor, developer, owner and operator specialising in the hotel and student living sectors, with an asset portfolio of £3 billion. Its in-house team spans the full lifecycle of investment, planning, development, asset management and operation of assets that they own or develop alongside capital partners.

Founded in 2011, the family-owned business is deeply committed to generating social value through its operations and projects and has an exemplary track record for developing innovative solutions that benefit investors, local authorities and communities.

Dominus has over 1,700 keys in its hotel development pipeline across London, with plans to scale the portfolio further with hotel refurbishment and development opportunities. The operational hotel portfolio, managed by its in-house platform Dominus Hospitality, totals over 1,000 rooms and includes The Derby London City, Curio Collection by Hilton; The Dixon Tower Bridge, Autograph Collection by Marriott; Lost Property St Paul’s, Curio Collection by Hilton; Hampton by Hilton London City and Hampton by Hilton Bath City.

Millemont Capital Partners is a London-based private equity real estate investment platform specialising in the acquisition and active management of hospitality assets across core UK locations. With a portfolio now exceeding 1,000 keys and over £350 million in closed transactions since 2021, Millemont has established itself as one of the more active domestic investors in the UK hotel sector.

Millemont's investment strategy is built around two complementary approaches: acquiring income-generating hotels in high-demand UK city markets and applying rigorous asset management to deliver strong risk-adjusted returns for its investors; and identifying value-add and opportunistic assets where targeted repositioning, brand upgrades or capital investment programmes can unlock above-market performance.

The firm's in-depth sector knowledge and flexible, conviction-led approach allow it to move decisively on complex transactions and create long-term value across market cycles. Millemont plans to acquire a further ten hotels over the next three years, continuing to build a diversified portfolio of assets with durable fundamentals.