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New Wales hovercraft link gives lift to hotel investment

Posted by: In: Real Estate 24 Oct 2014 Comments: 0 Tags: , , , , , , , , , , ,

A Brighton-based company, Hoverlink, is behind the plan of introducing a regular service to link Llandudno to Merseyside, which will bring substantial revenue into this popular tourist destination. Llandudno is the No.1 holiday resort destination in Wales and is rated 8th in the UK. The concept arrived alongside local authorities’ plans to move 200,000 tourists a year.

The 85-seater hovercraft could make up to 24 trips into North Wales every day, providing links between Rhyl, Llandudno, Liverpool, Wirral, Southport and Blackpool.

Hoverlink spokesman, Simon Clitheroe, stated: “We want to run it like a regular bus service to make it cost effective, and we will aim to keep fares low. We’re looking at perhaps £15 for the trip from Llandudno to New Brighton but will also be looking at offering concessions and family fares to make it attractive.”

Airspeed, experts and consultants in the latest military, recreational and commercial hovercraft, have already run a pilot service out of Llandudno. Managing director, Captain Geoff Moule, told the Liverpool Echo: “During our period of service from Llandudno, we were amazed and delighted at the wide cross-section of age groups that flew with us on our pleasure flights and the huge interest that the operation generated.”

He added: “I am certain that our activities for the resort, including what will be our comprehensive pleasure flying programme, will prove to be a great asset to the area and to its residents and visitors. Our company has a very strong and pro-active commercial outlook and the planning behind this venture is all about maximising sustainability and longevity for the project.”

This is fantastic news for local businesses in Llandudno, in particular, the booming tourist market. Confidence in this area is high, and planners have already backed an application to transform derelict buildings into respected hotels including Premier Inn to cater for the surge in tourism.

Fully built and operational hotel refurbishments along the pier front such as Llandudno Bay Hotel & Spa are particularly experiencing great interest from purchasers looking to gain entry into this profitable market, and will increase to an even greater scale when the hovercraft is fully launched.

Llandudno Bay Hotel & Spa is a historic Grade II-listed Victorian building benefitting from a £1 million refurbishment to further improve the conference and function rooms and to include spa and leisure facilities. An additional fine dining restaurant, cocktail bar and coffee shop are all managed by separate companies under an individual operator, meaning that each separate company can offer truly specific industry expertise. This standard of operation is far more effective than the traditional set-up, whereby an individual operator with hotel experience manages and operates additional facilities outside their area of expertise.

Jean Liggett, Director of Properties of the World, says that investor demand for the hotel is high. Indeed, Llandudno Bay Hotel & Spa is already 80% sold out.

“Llandudno is one of those places many people don’t know much about but the seaside resort is hugely popular with visitors: it was ranked number eight in Tripadvisor’s top 10 UK destinations for 2014.”

“The Llandudno Bay Hotel & Spa is forecast to have an occupancy rate of at least 60 per cent,” she explains. “This is a realistic figure, in line with the average for the area’s strong tourism market, which will generate NET returns of 10% for 10 years. Investors also get two weeks’ free personal usage each year.”

Sales have mainly come from UK investors, but interest has also stretched as far as Italy, mainland China and the UAE. Now, there are only 16 units remaining.

“We expect them to go by the end of November,” says Liggett. “With seven units remaining at a special developer-deferred payment and low cash input option, it is especially attractive for those looking for an opportunity into the UK hotel market.”

The opportunity is so attractive, in fact, that Liggett adds she has invested in one unit for herself.

Looking to enter the UK hotel market?

Click here to find out more about Llandudno Bay Hotel & Spa and make an enquiry

UK, Property Investment

Source: The Movechannel


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