Location: St James House, Birmingham, West Midlands, UK
Name: TBA – Operator Choice
No. of Keys: 73 Serviced Apartments and 280 Room Poshtel
The Property: Project Eagle…the owner will redevelop the current office building and seeks an operator to take a 20-25 year lease upon completion, in 2021.
Ground floor will be commercial space
First floor Back of House
Second floor – Reception, Cafe, Dining/Lounge area, Gym and Back of House
Floors 3-6: 280 hotel/hostel beds: 40 two beds – avg 16sqm; 12 six beds – avg 26sqm; 16 eight beds – avg 42 sqm
Floors 7-10: 65 studio apartments – avg 22sqm; 8 one bed apartments – avg 33sqm
Total GIA – 5,568 sqm; Total NIA – 3,971 sqm
The property is located just south of the Birmingham Hippodrome and the Mail Box, in the centre of Birmingham.
Poshtel here refers to the generic concept of hostel merging into hotel – i.e. a posh hostel!
Main Photo: The location of Project Eagle
Tenure: 20-25 year lease. Planning consent for C1 use to be submitted in first quarter 2020
Brand/Management: Open to leaseholder
Current Owner: Developer/property company
Agent: MRP in partnership with The Hotel Property Company
Guide Price per Key:
Date Posted: February 2020
THPT Comment: This is a great opportunity to add a serious hotel/serviced apartment operation to your portfolio in Birmingham, the UK 2nd city.
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.