Paramount Hotel London Paramount Park is a state-of-the-art hotel development offering fantastic views and key transport links in London from £370,000 HIGHLIGHTS: Units available from £370,000 8% Assured Annual returns for 3 years Tenure: 998 years Fully furnished Hotel units are part of 535 acres of The London Resort- UK’s top entertaining project opening 2024. Project is classified by the UK Government as a Nationally Significant Infrastructure Project (NSIP) Lease registered at Land Registry Dept…
Paramount Hotel London
- Units available from £370,000
- 8% Assured Annual returns for 3 years
- Tenure: 998 years
- Fully furnished
- Hotel units are part of 535 acres of The London Resort- UK’s top entertaining project opening 2024.
- Project is classified by the UK Government as a Nationally Significant Infrastructure Project (NSIP)
- Lease registered at Land Registry Dept
- 17 minutes by train from London Kings Cross/ St Pancras station
- 40 minutes by river taxi from Big Ben / Westminster, just outside the M25 Orbital Motorway, Euro Star St.
- Hotel units are a 4-star category
- Facilities include a swimming pool, Gym, and Spa
- Facilities will be managed by Paramount Resorts, Radisson Blue, or similar hospitality brands.
- 3 Types of Room views: Thames River View, Resort View, and Garden View.
- Room Size 24 Sq. m approx.
- 8 million visitors expected annually.
Paramount Hotel, part of the 535 acres The London Resort, the UK’s top entertaining project opening in 2024, is an exciting new hotel development in Greater London, partnering Paramount Studios, ITV & BBC. Featuring Thames River views, Resort views, and Garden views, the majestic project offers 8% assured annual returns for 3 years.
The four-star hotel, opening in time with London Resort Theme Park, featuring 18 acres of retail, dining areas, cinemas, and theatres, is a fantastic opportunity to invest in Greater London’s world-famous reputation as an entertainment capital. Selling hotel suites from £370,000, The London Resort benefits from its close proximity to key transport links including Kings Cross St. Pancras Station and the Eurostar.
To solidify its position as a place of luxury, Paramount Hotel’s facilities include a state-of-the-art swimming pool, gymnasium, and spa. Located on Great London’s Swanscombe, these combined factors make Paramount Hotel a fantastic opportunity to invest in the UK’s tourism industry.
- Reservation fee: £5,000
- Exchange: 20% (less reservation fee)
- Interim 1: 20% Start of construction (tentative Q2, 2021)
- Interim 2: 10% (Q1 2022)
- Completion: 50% (Q4 2023/Q1 2024)
WHY INVEST IN HOTEL PROPERTY?
Staycations are on the rise
The decline of the pound’s value on the international market has allowed British tourism to rise and subsequently hotel occupancy has benefited from this. Data from the Great British Staycation, revealed that in 2018, 52% of 25-34-year old took holidays within the UK for tourist attractions and financial benefits. The fears over Brexit, meaning VISA costs will be approaching to travel within the European Union and a rise in crime throughout Europe are some of the main reasons, the UK has become a holiday hotspot. With staycations becoming more popular, the demand for UK hotels has risen, particularly outside of London.
The rooms are part of the hotel stock so they will be serviced and maintained by the management company.
A hotel comes with no running costs and no need to find tenants. Operational hotels will offer an immediate income with no development risk.
In light of Brexit, corporate travel budgets are higher than ever.
Hospitality is a strong industry
The hotel industry plays a big part in the UK economy reaching a total turnover of £98bn in 2017.
WHY INVEST IN LONDON?
Barclays and Lloyds Banking Group are among the banks with headquarters in London, making the city of London an economically safe place to invest.
The fifth-largest economy in the world, London has a Gross Domestic Product of £580.7 billion promises an array of business opportunities to those willing to bring their knowledge and experience to the city.
The 2018-2022 prices are predicted to grow by 10.9% in Greater London and 8.8% in Central London.
With more than 400,000 students in the city, London is home to 40 higher institutions including UCL and Imperial College mentioned within the top ten universities in the world.
Approximately 75% of residents aged 16-64 are employed in London, outperforming the rest of the UK
The Elizabeth Line, connecting Heathrow to Essex, will drastically reduce central London commuting traffic, scheduled to be completed in autumn 2019. Expected to support 180,000 homes and create over 360,000 jobs, the demand for property is attracted buyers across the globe before the completion of the Elizabeth line.
Landmarks including Buckingham Palace, London Eye, and St Paul’s cathedral have contributed towards the city’s £15 billion tourism industry.
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