The Stay Company to operate apartments in former fireworks factory

The Stay Company will operate new serviced apartments in a converted fireworks factory on Mill Street in Derby.

The company, which recently bought and upgraded three large Georgian townhouses on Friargate, Derby, is the operations arm of PKL Investments, which owns and is converting the building.

The former factory is directly behind the Stay Company's existing apartments, in the Friarsgate area. It is being converted into eight two-bedroom apartments.

Each apartment will feature a fully-equipped kitchen, a dining and seating area, and free private parking is also available on site.

A planning statement prepared by Gaskell on behalf of PKL Investments last year said the plans for the factory "play an economic role by providing jobs though the construction and occupation of the proposed development. The addition of serviced apartments allows for some of the larger employees within the city to provide additional staff accommodation as and when required."

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"This is a wonderful conference. Coming from the US, it gives us exposure to operators and potential partners here in Europe that we wouldn’t normally have access to. We’re looking for some likeminded partners and there are some really great ones here at the conference."

Ken Brown, VP global solutions, Furnished Quarters

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