West India Dock Hotel
Executive Room in UK
28% Below RICS Valuation.
Hotel Operates As A Holiday Inn.
Approx 65% Non Status Finance.
Return Based On Operational Profits.
Managed By Intercontinental Hotels Group, Largest Global Hotel Brand.
Completes Q2 2013
We are delighted to offer this exceptional opportunity for investors within the London hotel sector. This hotel investment is offered at substantially below the RICS valuation and rewards the purchaser with a share of the profit accumulated from all areas of the hotel operations, based on the room type and usage, including the restaurant, conferencing facilities and food and beverage.
Clients can reserve a unit for just £5,000 and can take advantage of the non status finance available at approximately 65% of the purchase price. The rooms are projected to produce returns of 9-10% and are purchased with a 999 year lease. We are advised that this project is SIPP positive although approval is required from individual SIPP providers. VAT will also be paid for the investor providing purchasers with a saving of £32,375.
These hotel rooms offer a truly "hands off investment" as this striking building will be the Holiday Inn Docklands and completed to a 4* standard. Investors can be reassured that their hotel room will be managed by Intercontinental Hotels Group, a world renowned brand and the largest hotel brand in the world.
This hotel will be a landmark building set on the environs of Canary Wharf and will be arranged over 17 floors. The Canary Wharf area approaches a hundred acres in size and is home to a thriving bank and business and retail sector set in 14.1 million square feet of office and retail space.
The hotel will offer 252 rooms with the majority of the accommodation being arranged over floors 3-14. The ground floor will be home to reception areas in addition to a café and bar. Conference facilities and meeting rooms will be located on the second floor and a restaurant and state of art gym on the first floor.
Completion is targeted for the 2nd Quarter of 2013. The Olympic Village is just 15 minutes away, which is expecting 500,000 visitors during the 2012 Olympics and this will surely raise awareness of the area and enhance the 90% occupancy rate achieved by all the Holiday Inn properties (central and greater London, excluding airport properties) in 2009.
Hotels within the Canary Wharf area enjoy excellent occupancy and achieve room rates in excess of the predicted rates used in the financial example. This has been identified by the valuation report but also confirmed by our own research.
As you would expect availability on this project is strictly limited, purchasers can choose between double standard rooms or 56 executive rooms. We would recommend investors act promptly to take advantage of exceptional opportunity.