Operator Sought For Aparthotel in Cardiff, Wales
Location: St Mary Street, Cardiff City Centre, Wales, UK
Name: Market Chambers – Brand To Be Granted to New Operator
Guide Price: TBA
No. of Keys: Option One: 30 keys studio, one-bed and two-bed serviced apartments; Option Two: 49 keys – studio led aparthotel
The Opportunity:
Exclusively retained by Thackeray Investments, Saxbury is inviting turnkey master lease (preferred) or management contract proposals for Market Chambers ahead of practical completion in January 2024. The Grade II listed Market Chambers has a history dating back to the 14th century and is a landmark of Welsh Culture and heritage. Originally conceived as a Court House and Guild Hall, it was reconceptualised throughout the 18th and 19th centuries, to the iconic building it is today.
Floor plans available upon application to THPT. Operators are invited to submit a Letter of Interest by Friday November 5th 2021 detailing company covenant and history; nominated brand for the project; headline offer should include the initial FRI lease terms, breaks, rent escalation, FF&E/OS&E requirements and a 10-year operational forecast. Please call Dev Anand at THPT for more info and address for LOI.
Flag & Management: Open to new operator
Main Photo: Market Chambers, as is
Financials: Access to a full data room will be granted upon LOI
Tenure: Lease or HMA
Agent: Our good friends at Saxbury
Date Posted: 2021
THPT Comment: Great opportunity to add this conversion with a choice of more keys as an aparthotel, or less keys but larger serviced apartment operation to an operator’s portfolio. The location in Cardiff is excellent nestled between the Principality Stadium, Cardiff Castle, Cardiff Central rail station and St David’s Dewi Sant and Cardiff Bay.
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Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
