Respected Property Developer With Track Record Looking For 60,000 – 250,000 SQF Hotels To Develop as Residential
Location/s: Major UK cities, good links to transportation and food and drink outlets – London broader outlook …i.e. Greater London
Size Required: Typically a current 125-550 key hotel, or better still aparthotel or serviced apartments
Budget: Land and/or building as is – £8m – £40m
Buy/Lease: Buy…internal cash funds
The Brief:
Our client, London-based, names royalty & leading funds amongst its investors. They have diversified into new growth areas, including hotel portfolios and office buildings.
Their completed projects include some of London’s largest and most dramatic penthouses and residences with grandeur. They can show case studies.
Their search for hotels is either Vacant Posession or VP within a year, city-centre or strong residential area and large UK conurbations.
Flag & Management: Flag and management free, or able to break within 12 months
History: As above… been trading since 2000
Main Photo: A residential project in London recently completed
Funding: As above, cash buyer
Development Appetite: Happy to taken on full refurb….but not ground-up development
Date Posted: September 2022
THPT Comment: Their work in the upmarket residential sector is second-to-none…and they have good experience in larger developments, which is what they are looking for here
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 week we mail the opportunities posted in that period, 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. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
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.
