The High Street Group is a leading financial and property group, being one of the North East’s most recognised and respected brands.
We operate multiple companies in property development and construction, hospitality and leisure, offering expertise and opportunities across multiple sectors.
HOTEL 52 BUSINESS STRATEGY
In 2017 we have developed a hotel business strategy to identify and build a chain of budget-boutique hotels in the North of England that will compete in price with budget hotel groups. Over the next 5 years the company will deliver 15-20 hotels under the Hotel 52 brand. The hotel sites are strategically placed to capture both the commerce and leisure market, ensuring high occupancy levels.
• Identify and acquire the hotel
• Refurbish to a high standard
• Integrate our Management team to operate the hotel
• Deliver increased occupancy rates, efficiencies, turnover and profit
Hotel 52 is an exclusive 32-bedroom hotel located in an excellent position in Whitley Bay, with just a short walk to the town centre and award-winning beaches at the end of the road.
Hotel 52 is only 25 minutes from Newcastle City Centre by Metro, with Newcastle Airport only 30 minutes’ drive by car
From £80,000 with 8% yield for 5 years.
Number of Hotel Room Units: 23
ROI for years 1 – 5: 8%
ROI in years 6 – 10: 9%
ROI: To be paid quarterly in arrears
There is an option for the developer to buyback the units at 110% of the purchase price during years 5 -10 of the investment.