Zoolet presents a JV opportunity to invest in a luxury hotel
The Martello Aparthotel provides convenience and style to your stay in Hull
The building is already purchased (purchase completed Sept 2021)
Conversions from a 30 room hotel to 28 Aparthotel is well under way
5 one bedroom apartments, 6 studios and 17 self-contained serviced rooms within a previous hotel complex
Phase 1 March-April 2022
•Complete the Aparthotel refurbishment and start operations
Phase 2 April-August 2022
•Strip out and re-build ground floor into 4 offices and self storage, refurbish an existing restaurant/café –dining area.
Phase 3 2023
•Construct extension for 10-12 luxury apartment building with lift and undercroft parking on the land.
•Looking to select an investor to add £250,000 for this existing project
•Offer fixed return and security on the property. – Our client will pay 6% interest per year and give charge as the security on the property. They are looking for 24 months loan.
•Prospective future opportunities
A zoom call can be set up with the partners if serious and credible interest illustrated
- ID: 4171
- Published: April 11, 2022
- Last Update: April 11, 2022
- Views: 43