Operator Sought for New 60 Room Hotel, London

Location: Royal Borough of Greenwich, London

Names: To Be Named

No. of Keys: 60

The Property: The property, in a good visible location, with planning consent for a 60-room hotel, with restaurant and bar, granted. Our client has the opportunity to acquire the hotel in the next few weeks. Ideally we are looking for a lease agreement – 25 years plus with an reputable operator, with a good brand.

This attractive building is a locally listed 3-storey corner building. Whilst not in a conservation area, the building is of an ornate and interesting design that with the significant investment that would be facilitated by this development, it can become an important landmark building.

The planning permission granted for the extension and refurbishment of the existing building will enable an increase in hotel accommodation provision and improve its long-term viability as a going concern. ​

This includes construction of a roof extension and part change of use of ground floor to facilitate the provision of a mixed use development comprising restaurant and bar at ground floor level and a 60 bedroom hotel (Class C1) across the upper floors and part of the ground floor.

The proposed building design is high quality and results in a considered overall scheme which embraces the historical elements of the existing building and incorporates these features into the new extension. ​

The proposed development would create 60 new hotel rooms each with en-suite bathrooms. The proposed hotel rooms have an internal area of between 14m2 and 24m2 including the bathroom. All rooms have access to light and natural ventilation. A quality finish in all rooms would provide a modern contemporary aparthotel or serviced apartment experience.​

The proposed hotel rooms would make an important contribution towards the supply of accommodation on match days and for visitors to the area. The implemented development would result in significant investment and conservation of a landmark building worthy of preservation which unfortunately has suffered from a lack of care and attention over the years. The extension and alterations to this building are well designed and have careful regard to the architecture of the existing property.

Main Photo: The University of Greenwich

Tenure: Freehold

Brand/Management: Brand-free…to be discussed with operator

Current Owner: Being acquired by our client

To Open: 2020/21

Date Posted: June 2019

Agent: THPT

THPT Comment: Greenwich is a well-documented tourist destination…in the Royal Borough there are few hotels operating currently.

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”

 

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.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.