Main Photo: The Halcyon Aparthotel, Torquay – imagined
Date: April 2020
Location: Torquay Marina, Devon, UK
Name: Halcyon – opening 2021
No. of Keys: 42 one and two bedroom apartments
Buyer: A new property development and investment group is putting the wheels in motion to unveil its first high-spec apart-hotel in Torquay, Devon, in early 2021.
Inspired by the Latin ‘Convivo’, meaning ‘come together, Convivia is a London-based brand portfolio that aims to develop ‘playful’ accommodation solutions – encouraging users to share space.
Its first apart-hotel, named Halcyon, is located within walking distance of Torquay’s main marina and new £32 million high street development, and will comprise 42 generously-sized, high specification one and two-bed apartments, a communal gym, cinema room, lounge and private chefs’ kitchen.
In a bid to pioneer new communities, the site will offer consumers the same flexibility, value and living space they desire in short-term, self-contained accommodation.
The developer is also in the process of finalising the acquisition of a 100-unit scheme in the heart of Liverpool’s city centre. Work is anticipated to begin as early as summer 2020.
Roy Ledgister, founder and chief executive officer of Convivia, comments: “There is something fundamentally wrong with the way in which both public and private sector property developments are created and that is a sheer focus on maximising profit by squeezing as many units out of the given footprint, with little consideration for providing exciting communal space to be enjoyed.”
“Convivia Group aims to create a solid property investment portfolio underpinned by a spirit of conviviality and centred around experiential living. We are delighted to showcase our unique approach in the development of our first apart-hotel in Torquay, together with our exciting pipeline of developments due to be completed over the next 12-24 months.”
Ledgister founded the Convivia brand in 2017 to develop luxurious properties on an improved and low-risk investment model. Now backed by an experienced board, Convivia aims to deliver real estate across deprived, middle and high-income areas across both the public and private sector.
A successful Barrister and proven entrepreneur, Roy Ledgister boasts extensive experience in the development of a successful social housing property portfolio, having turned a £50 million investment into £165 million worth of assets in just 5 years.
Focused on refining the Opco and Propco model, Roy founded the Convivia brand in 2017 to develop more luxurious properties on an improved and low-risk investment model. Now backed by an experienced and highly decorated Board, Convivia aims to deliver real estate using a proven, low-risk, investment model that takes advantage of development opportunities across deprived, middle and high-income areas across both the public and private sector.
With a focused end to end solution of acquiring, developing, operating and managing the entire portfolio in-house, the Convivia Group has ambitious plans to reach a GDV of £130 Million by the close of 2021, with plans to launch its first investment fund within the coming weeks.
THPT Comment: Not to be confused with the French mega-company, Covivio, this is a new entrant to the hotel/apartment space in the UK. A new entrant into the aparthotel space, we wish Mr Ledgister all the best.
First Seen: Property Investor Today
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.