Dominus completes the sale of Courtyard by Marriott Oxford for £74m
18 June 2026
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.
“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.”
“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.”
