Location: Intersection Winston Churchill and Corral Road, Gibraltar, 1km from airport, 200m from Casemates Square and 300m from Ocean Village
Name: Hotel Indigo Gibraltar…offer on the table
Guide Price: £35m
The Opportunity: New-build…site secured – 5,750 sqf, planning consent in place (October 2019), construction ready to start, 15 month build time, IHG’s Indigo brand HMA offer on the table (20-years), unless the new owner wishes for their own/another brand.
150 year-lease. Developer in place….either have them deliver the finished product, or new owner can do their own thing. Designed as 132 room four-star (could be five) hotel, over nine floors, with 100-seat restaurant and bar on ground floor, double-height space. Unlike its surrounding areas, the site does not contain any listed buildings and is not located in a conservation area. AV
Main Photo: The new hotel – imagined
Tenure: 150-year leasehold
Financials: Details of HMA and Business Plan, drawn up by Savills, available upon signing of NDA & LOI
Flag and Management: IHG Indigo 20-year HMA on the table, but not conditional
Current Owner: The developers,
Agent: Local agent in partnership with THPT
Guide Price: £35m
Date Posted: June 2020
THPT Comment: There are few branded hotels in Gibraltar…and few four-star hotels!
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.