Long-Term Asset Management

Situation

 

Property investor wanted to purchase a grand but dilapidated 20 bed roomed hotel in the Cotswolds. A full renovation of the premises was required and the investor wanted a non active roll with this operation. He approached Bulldog to help advise in the purchase, capital expenditure and operation of the Hotel.

 

 

Initiatives/Results

 

Bulldog entered into negotiations with vendors to purchase the hotel

Hotel purchased in August 2008 with Bulldog entering into an agreement to lease

Put together a design and build scheme and obtained planning and listed building consent

Bulldog operated the hotel until its closure in early January 2009

Is presently managing a capital expenditure scheme of £950k for a full refurbishment of the hotel including the addition of 8 bedrooms.