NO7 by Latour Hotel by Blackpool Sea Front

Investment Summary

 No 7 by Latour in Blackpool Beachfront

Further to the successful sell out of phase 1, please find information regarding the phase 2 of La Tour Hotel on Blackpool Seafront.

 

No & De la Tour is a fully operational hotel in the center of Blackpool that will offer accommodation & training facilities for young autistic adults and accommodate family, friends and tourist visiting throughout the year.

The training facilities are to assist autistic adults gain the skills for employment in the hotel and catering trades as well as give them the confidence to live independently away from home.

This pioneering model has worked fantastically and successfully in the developer’s previous hotels - https://www.rivers-hotel.co.uk/

Why Blackpool

Over 17 million visitors in 2017 visited Blackpool spending £1.5bn in the local economy. Visitor numbers are projected to increase year on year, creating substantial investment. The hotel’s location was sourced for its fantastic position on the front line of the promenade with unspoiled sea views and meters from the center of Blackpool and all the attractions the city has to offer. Attractions include The Blackpool Tower, Blackpool Pleasure Beach , Sandcastle Water-park, Blackpool Zoo and the famous piers to name but a few. £250 million is being invested into Blackpool over the next 6 years.

The Hotel

 

The developer has acquired the hotel as a fully operational and going concern with booking commitments in place as a budget 2-star hotel with prominent sea views. The developer will be implementing a full, rolling refurbishment and once completed it will provide 65 modern en-suite rooms at a 3-4-star level of accommodation increasing room rates by at least 50% (La Tour, in its current 2-star status, achieves £50-£120 per night) The hotel also has several function & dining areas and a working kitchen that will be modernized to offer training facilities for the occupants and local users, further supporting their stay and assisting with getting jobs in the outside world.

 

The building will be refurbished to cater for the needs of their guests and growing tourist trade, offering the highest standard under a recognized brand in Blackpool and more importantly, creating a home away from home for their clients.

 Key Investment Highlights

  • 30 En-suite hotel rooms on Blackpool Seafront

  • £49,950 per room

  • 10% Net Assured Rental Return paid quarterly from purchase (£4,995 per year)

  • Developer buyback at 110% at the end of year 5 (Developer break clause option at 120%)

  • Developer buyback at 120% at the end of year 10

  • Hotel geared to provide young people with Autism a path to employment

  • The College is funding each student £250 per week to stay so a percentage of the room rate is already funded

  • No purchase costs or ongoing costs to pay

  • Developer with track record

  • 999-year leasehold property title

 Next Step?

  • Brochure

  • Availability

  • Floor plans

  • Draft contracts

  • If you wish to reserve online please request the reservation form.

  • Please ask us any questions that you may have!

  • Facebook Social Icon
  • Twitter Social Icon
  • YouTube Social  Icon
  • Pinterest Social Icon

© 2019 Emerging Developments SL  I  Terms and ConditionsPrivacy Policy I CIF Registration Number B93252229