Dominus acquired the site off market in 2014, when it was an obsolete industrial property. Credit: Dominus.

Dominus has sold the Courtyard by Marriott Oxford City Centre in the UK to Millemont Capital Partners for £74m ($97m).

The sale is claimed to be “the largest urban single-asset hotel transaction outside of London” so far this year.

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Dominus CEO Preet Ahluwalia 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 life cycle, 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.”

Dominus bought the site off-market in 2014.

It later secured planning consent for hotel use and developed a 160-room scheme. A roof extension recently added a further nine rooms to the property.

The company operated the hotel under the Courtyard by Marriott flag since 2019, reporting occupancies consistently above 90%.

Millemont Capital Partners co-founder and CEO Ashley Shaw said: “This acquisition reflects our continued focus on securing high-quality, operationally resilient hotel assets in strong UK markets.

“With more than £150m 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.”

Real estate services and investment management company JLL served as the adviser for this transaction.

In February, Dominus and Cheyne Capital secured approval from the City of London Corporation to convert Ibex House into a 382-key hotel.