Dominus Sells Courtyard by Marriott Oxford to Millemont Capital Partners for £74M in Landmark UK Hotel Deal

Dominus has completed the sale of the Courtyard by Marriott Oxford City Centre to Millemont Capital Partners for £74 million, the companies announced June 18, 2026. JLL advised on the transaction, which the parties describe as the largest urban single-asset hotel deal outside of London so far this year.

The sale closes a 12-year ownership cycle for Dominus, which acquired the site as an obsolete industrial building in an off-market transaction in 2014. After navigating what the firm described as a complex planning environment to secure change-of-use approval, Dominus opened the 160-room hotel under the Courtyard by Marriott flag in 2019. A subsequent roof extension added nine rooms to the property.

A Full-Cycle Repositioning in Oxford's Supply-Constrained Market

Dominus operated the hotel through its integrated platform for seven years, reporting occupancy consistently above 90% during that period. The property holds the top ranking among Oxford hotels on TripAdvisor and has carried Green Key eco-certification — a sustainability accreditation — since 2023.

Oxford's hospitality market is characterized by acute supply constraints, according to the announcement, with stringent planning controls and heritage protections limiting new hotel development in the city centre. The city's demand base spans its internationally recognized universities, an established corporate and life sciences sector, and leisure tourism, factors the parties cited as underpinning consistent investor appetite for income-generating hotel assets in the market.

"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," said Preet Ahluwalia, CEO of Dominus. "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."

Millemont Capital Partners Expands UK Hotel Portfolio

For Millemont Capital Partners, the Oxford acquisition is part of a broader UK hospitality investment program. Ashley Shaw, co-founder and CEO of Millemont Capital Partners, said the firm has completed more than £150 million of transactions in the first half of 2026 and intends to continue pursuing assets that offer long-term value and growth potential.

"This acquisition reflects our continued focus on securing high-quality, operationally resilient hotel assets in strong UK markets," Shaw said. "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."

Shaw added that the deal "underscores our positive outlook on both the UK hospitality sector and the broader real estate market."

JLL Advises on Transaction

JLL advised on the sale. Will Duffey, Head of EMEA Hotels & Hospitality at JLL, characterized the transaction as reaffirming Oxford's standing among UK hotel markets.

"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," Duffey said.

Deal Context

No official per-key price was disclosed by any party. The transaction's scale — claimed as the largest urban single-asset hotel trade outside London in 2026 — reflects the pricing that supply-constrained regional markets with diversified demand can command from institutional capital.

Dominus's exit followed a value-add arc that included off-market land acquisition, planning gain through change of use, ground-up hotel development under the Courtyard by Marriott brand, active management to above-market occupancy levels, and a late-stage capital improvement in the form of the roof extension. The firm indicated it plans to redeploy proceeds into additional hotel asset management and development opportunities.

Millemont Capital Partners will operate the property in partnership with TROO Hospitality going forward.

Sources

Dominus — Dominus completes the sale of Courtyard by Marriott Oxford for £74m (June 19, 2026)