We review all sites on an individual basis. We have outlined the general criteria we look for in the sites below.
Please use this as a guide only.
HOTEL CRITERIA
PLANNING
Sites without planning with Class C1 Hotel Use or with existing Resi or Commercial planning consent that could likely be converted to C1
ACQUISITION PRICE
£5m – £25m in London. Less outside of London.
SIZE
Potential for 4,000 – 15,000m2 gross internal area (GIA). Smaller sites may work in Prime Central London (e.g. Mayfair, the City etc).
TYPE
New build or conversion
LOCATION
Ideally located in an area designated as a CAZ, town centre or opportunity area from the perspective of planning policy. Located in an area where there is likely to be a good demand for tourist and business traveller accommodation.
London
Zone 1/2 or high growth centres outside this area. Close to good transport links or with high Public Transport Accessibility Levels rating (PTAL)
Outside of London
Major city where tourists or business people (ideally both) would stay e.g. Brighton, Bath, Bristol, Cambridge, Oxford, York, Cheltenham, Cardiff, Edinburgh, Manchester, Birmingham, Liverpool, Heathrow, Gatwick
RESIDENTIAL CRITERIA
PLANNING
Sites with outline consent or full planning permission. We generally don’t look at sites without some form of existing consent or building in place.
ACQUISITION PRICE
Purchase Value – £400K – £3m depending on size, location, and potential
SIZE
Potential for 8+ residential units. Will consider less on a case by case basis.
TYPE
New build or conversion
LOCATION
London
Zone 1/2 or high growth centres outside this area. Close to good transport links or with high Public Transport Accessibility Levels rating (PTAL)
Outside of London
Major city where tourists or business people (ideally both) would stay e.g. Brighton, Bath, Bristol, Cambridge, Oxford, York, Cheltenham, Cardiff, Edinburgh, Manchester, Birmingham, Liverpool, Heathrow, Gatwick