Over 28% Below Market Valuation.
Hotel Operates Under Brand of Park Inn by Radisson.
Approximately 60% Non Status Finance.
Construction of Project Has Commenced.
Insured Deposit.
VAT Paid for the Investor Saving £28,000
An excellent hotel investment managed by Europe's largest mid market hotel operator in a superb location, sold below RICS valuation with great returns
Principal International are delighted to offer this exceptional hotel investment in Wembley. The hotel rooms are priced substantially below the recent RICS valuation and the investor will receive an excellent return based upon the net profit accumulated from room usage and other areas of the hotel's operation based upon room type.
Investors are able to reserve a room for just £5,000 and can take advantage of non-status finance offered by the developer at approx. 60% LTV. The hotel rooms in the Park Inn Wembley are projected to produce returns from 9% to just under 12% and investors can have confidence that the rooms will be looked after by Europe's largest mid market hotel operator, maximising income and occupancy. This hotel will meet the demand from the business sector during the week and has the added benefit of the demand generated by the range of sport and leisure events at the weekends held at Wembley Stadium and Wembley Arena. These include major music concerts and sporting events such as the FA Cup.
This Olympic Way hotel in Wembley will be completed to a 4* standard and operated under the brand of a major hotel company. The hotel will be branded as "Park Inn by Radisson" and will be operated under the umbrella of the larger hotel group, Rezidor. The Rezidor group is one of the world's fastest growing hotel companies, with 401 hotels in 62 countries and includes other well-known hotel brands such as the Radisson Blu and Hotel Missoni. The hotel group is supported by 8 call centres taking toll free calls from 55 countries in 18 languages.
The rooms are purchased on a leasehold basis, similar basis to an apartment, with a lease of 199 years. We understand that the investment will be SIPP positive, although approval is required by individual SIPP providers. The VAT for the purchase will also be paid for by the developer on behalf of the investor, saving the investor an additional capital outlay of £28,000. Whilst construction has started and is well under way, investors in this exciting hotel investment can have peace of mind that their deposits will be insured for the duration of the build.
The hotel fronts on to Olympic Way, the main arterial route to Wembley Stadium. Situated close to the stadium, arena and the town centre, the project is in a fast developing area just 4 miles north west of central London and is well served by London Underground and the road network. This stunning hotel will be set over 10 storeys and offer a total of 237 rooms, complimented by a restaurant, bar and meeting facilities, in addition to a number of parking spaces. It will form part of an exciting new development that will include some residential apartments and a mini shopping centre.
Availability on this project is strictly limited; recent releases have sold out promptly so we would strongly recommend investors act quickly to take advantage of exceptional opportunity.