GVA was appointed to advise on this former Royal insurance Building, an iconic Grade II listed structure in the heart of Liverpool city centre. The building qualified for business premises renovation allowance tax relief, making it potentially attractive as an investment opportunity. GVA advised on the viability of converting the building into a 116 bedroom Aloft and feasibility for a ground floor restaurant. The hotel opened in October 2014 and we have been retained to monitor its performance on behalf of the owners. Mark Ashall, Ashall Property (developer) commented - “GVA played an important role in helping us determine the approach to use for the restaurant and the returns that could be generated by the overall scheme. I believe the fact that their assessment was broadly endorsed and accepted by the funders and their professional advisors is a mark of their experience and competence in this area.” For more information contact Richard Gaunt.
|Phoenicia Hotel, Malta|
GVA was instructed to conduct due diligence on the luxury hotel Phoenicia in Valetta, Malta. The Phoenicia was the first luxury hotel to be opened in Malta and since then has remained an iconic building. We were tasked with an initial scoping report followed by a detailed advisory report to support the client’s acquisition.
“Once again, Max and his team provided an insightful, informed and rapid response to support our first foray in Malta” – Mark Shaw, Chief Executive, Hazledene.
This project allowed GVA to further demonstrate our capabilities by supporting a long-standing UK client in their international growth. For more information contact Max Gaunt.
|Great Scotland Yard Hotel|
GVA was commissioned to produce a Feasibility Study for a boutique hotel at Great Scotland Yard in Central London. The impressive building, just off Trafalgar Square, is the original headquarters of the Metropolitan Police.
We were also responsible for negotiating the commercial terms and operator/brand selection for this high profile scheme.
The hotel is set to be developed into a world-class five-star operated by Steigenberger Hotels & Resorts and is due to open by 2017. For more information contact Richard Gaunt.
|Hilton Garden Inn - Emirates Old Trafford, Manchester|
Lancashire County Cricket Club (LCCC) appointed GVA in early 2014 to advise on the feasibility of a new hotel at its Emirates Old Trafford ground in Manchester. We were very positive about the opportunity, particularly in light of the other developments recently completed at the ground and penetration into the conference and events markets. There are also a number of other significant drivers of hotel demand in the area including Manchester United FC, Salford Quays and MediaCityUK and Trafford Park. We were also pleased to help advise LCCC as it sought the answers to key branding and scaling questions.
The Club recently announced their decision to develop a 150 bedroom Hilton Garden Inn for the £15m project; an upper midscale brand that in our opinion will complement well both the sport and event offerings at the stadium.
Our Feasibility Study was subsequently used by LCCC to issue a Retail Bond to part fund the hotel development. This was highly successful, raising £3m towards the development. Further funding was secured from the Greater Manchester Combined Authority (£5m) and Trafford Council (£4m loan). The hotel has a target opening date of H1 2017. For more information contact Ian Derrick.
|Hertfordshire Golf & Country Club|
Planning consent was secured for a 95 bedroom hotel and leisure club extension to this listed former manor house in the Green Belt. The application was supported by a hotel need and viability report to demonstrate that the hotel would help secure the restoration of the listed building. For more information contact Martin Taylor.
|Lansdowne Hotel, Brighton|
Planning application was achieved on behalf of administrators to convert a closed former 84 bedroom hotel to residential apartments. GVA also provided supporting evidence regarding the hotel market and the difficulties of returning the property to viable hotel use, to address council policy regarding the loss of hotel accommodation. For more information contact Martin Taylor.
|Harrisons Hotel, Shepperton|
GVA was appointed to provide pre-application negotiations with the local authority to secure a letter agreeing to the principle of hotel loss subject to various criteria. This letter was then used to expedite the sale of the hotel on behalf of joint receivers. For more information contact Martin Taylor.