The Manor House Hotel at Hallgarth, Durham
Emerging Developments are proud to offer a rare opportunity to generate a secure 5-year fixed return via the purchase of a hotel room asset in this boutique 16th century Manor House Hotel. Whether you’re after breathtaking scenery, award-winning attractions or world-class exhibitions, festivals and events, Durham makes the perfect city break, coast and countryside escape. Durham City is home to one of the most recognisable landmarks in the UK, majestic Durham Cathedral.
Leasehold owners of the hotel rooms shall benefit from a fixed income stream equal to 8% net of their purchase price. Income will be paid monthly in arrears as a net figure, no additional costs or fees shall be placed on the leaseholders. The ownership model has been designed to provide a clear exit strategy at the end of year 5 via a developer buy back equal to 115% of the original purchase price.
The future at the Manor House at Hallgarth shines bright with more than 40 weddings booked every year and over 120 covers for Sunday lunch. The developers aim, however, is to turn this already successful 3* wedding venue into an exciting 5* wedding destination with a target of 100 weddings every year. Whilst already a fully working, revenue bringing hotel, the plans for the future entail a £500,000 investment in renovations and a shift to a different audience with increased room rates to match the new standards. The next steps in this plan are to fully renovate the reception area, create a central bar and build an orangery. The vision for the Hallgarth is big and the developers previous success with other projects proves them right to turn this potentially outstanding getaway location into a sought after wedding and leisure hotspot for years and years to come.
MANAGED BY MICHELS AND TAYLOR
Michels & Taylor Ltd is one of Europe’s leading hotel asset management, consultancy and hotel management companies. Pleased to provide hotel management services to hotel owners, Michels &Taylor also offer a range of other services. Michels & Taylor was formed by Sir David Michels and Hugh Taylor in 2009 and now working with over 100 hotels across Europe. It has a proven track record in working closely with all stakeholders, particularly operators and lenders, to optimise value for its owner and investor clients.
FANTASTIC WEDDING FACILITIES
Part of a former 16th century residential estate,The Manor House at Hallgarthhas been discreetly modernised over the years whilst still retaining many of its original features that add atmosphere, luxury and charm throughout. There is a choice of function rooms to cater for different sizes and styles of wedding and the hotel can accommodate up to 180 guests for a civil ceremony and wedding breakfast and up to 240 for evening celebrations. The hotel is surrounded by 4 acres of beautifully maintained, remote groundsand gardens which offers a peaceful seclusion and tranquillity for your very special day and those treasured wedding photographs.
• £75,000 per room
• 8% net rental return per annum
• 115% buyback at the end of year 5 - Income paid monthly
• Wedding venue with large history of current and previous bookings
• Hands-off investment
• Zero ownership fees
• Successful business with established customer base
• Acclaimed riverside restaurant
For detailed information on this investment please contact us by filling out the form below or calling us +44 (0)203 432 5474 We can send you:
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