£10m short-term rental facility launched at Nightingale Quarter

Wavensmere Homes has launched a £10 million short-term rental operation within its newest apartment building at the Nightingale Quarter scheme.

Comprising all 52 apartments within the six-storey red brick Hardwick House – fronting London Road – Covo is a service orientated alternative to mainstream hotel offerings.

The 42 one-bedroom and 10 two-bedroom apartments have been fully furnished and styled by an interior designer.

Bookings are being taken for stays of two nights or longer via a dedicated online portal.

The new facility will be managed by national short lets property management specialist My Property Host.

James Dickens, managing director at Wavensmere Homes, said: “Having been constructing the 925 homes at Nightingale Quarter for the past five years, we are aware of the number of hotels across Derby city centre that have been closed, redeveloped, or re-purposed.

“Meanwhile, with the expansion of major employers such as Rolls-Royce and Toyota, the demand for accommodation here has never been higher.

“Working with My Property Host, we’ve conducted data analysis, which has confirmed the strong appetite for a quality alternative to a hotel, especially for corporate bookings.

“Our significant investment in Covo to create this 52-apartment short-term rental operation is positioned to disrupt the market in Derby and give a boost to the city’s tourism industry.

“For every night spent staying away from home, people spend on average a further £47 on food, drink, retail, and entertainment.

“We are looking forward to welcoming the first guests and establishing relationships with major employers and corporate stay booking agencies.”

Stays at Covo will be subject to a demand-led dynamic pricing structure, starting from £75 per night for one-bedroom apartments and £90 per night for two-bedroom properties.

Parking is available at an additional charge. Guests will have access to the residents’ gymnasium, co-working facility, and can also make the most of the community garden and running track around the circumference of the 18.5-acre development.

An extensive breakfast menu is served at The Pepperpot restaurant – which occupies the building next door but one to Covo.

Raj Patel, chief executive and co-founder of My Property Host, said: “The 52 new apartments have been beautifully furnished by a leading interior designer to present a home-from-home for those staying in Derby for work or pleasure.

“We could not be more excited to market and manage this new operation.”

My Property Host has appointed a hospitality and property manager Ross Gregory as the manager of Covo.

The building is manned seven days a week between 1pm to 8pm to welcome and assist guests.

James said: “95% of the 925 houses and apartments at Nightingale Quarter have now been matched with buyers, with the final phases currently under construction.

“The addition of Covo will be a benefit to the residents living here, as friends and family will now be able to stay on-site.”

To make a booking for Covo, visit nightingalequarter.stayzeni.com.