The Abraj Kudai is set to become the world’s largest hotel
However, he has never gained planning for one which included a helicopter pad!
The 10,000 room hotel in Mecca, Saudi Arabia is part of a mixed-use development at Abraj Kudai costing in excess of £2b. The project is designed to look like a desert fortress, which encompasses a ring of towers standing on top of a podium.
Residential and Commercial Development Specialist Richard Carr has helped gain planning approval on a variety of hotels based in the south of the country. Examples of his planning achievements can be seen on the ‘Developments’ page of his website.
Reporting on new data by Savills, Property Week announced that investment in the UK hotel market hit a post-recession high last year of £6.1bn – the highest since 2006.
Will the hotel investment boom continue in the UK?
Activity wasn’t just high in the capital though, with 71% of deals taking place outside of London as confidence in the regional markets flooded back.
In 2013, Middle East investors had been most active in the market, however last year it was US investors who were busiest. Investors from the States doubled the amount they spent in the UK last year, taking them past the £2.1bn mark.
In total, overseas investors accounted for £2.9bn (47%) of total volumes, which was an increase of 14.1% on 2013.
Investment from Asia and the Pacific also rose considerably by 65%, with the largest deal costing £135m for the purchase of Wentworth Golf Club by the Chinese Reignwood Group.
Spa resort set to become Europe’s tallest skyscraper
Quiet towns, chalets, skiing and small chapels are just some of the things you relate to when thinking about the Swiss Alps. However, if proposed plans are approved, a remote spa resort high in the Alps could become home to the tallest skyscraper in Europe.
Vals, a town of just 1,000 people which is hidden away some 4,000 feet up in the Swiss Alps, will be the location for the tower measuring a proposed 1,250-feet in the air, 250ft higher than London’s shard.
Richard Carr, an operator in the UK hotel market, was pleased to read the latest report from CBRE hotels, which suggests that there is ‘considerable headroom’ for further revenue and profit growth in 2015.
Strong occupancy driving growth in the sector
Regional hotels benefit from growing UK Economy
The report also reviewed last year’s performance, which saw the UK regional hotel market experience 9.2% revenue per available room.
Growth was also experienced on meetings and events, with revenue per square metre of conference space up 7.6% year on year in 2014.
The report suggested that the UK’s regional hotel performance was in part a result of the country’s continued economic recovery. Britain’s GDP is ahead of any other G7 counterpart in terms of growth, whilst unemployment levels are now at pre-recession levels.
Commercial and Residential Development Consultant Richard Carr welcomed the Derbyshire Times’ news that a partnership between the UK and USA will see a £400million tourism development create 1,300 job, in the region.
Peak Resorts to build near Chesterfield
The area in Chesterfield which will be the Peak Resorts development
The UK’s PM David Cameron is set to announce the partnership during his tour of America this week. The development will see a new £400m integrated all-weather, year round leisure, health, sport and education destination on the edge of the Peak District National Park.
The investment will see a UK development company and US firm Grand Heritage Hotel Group join forces to deliver the project. It’s expected to create 1,300 full time jobs when it opens and hundreds more across the construction and development trades over the next three and half years.
The proposal will also dramatically improve the tourism within the area and provide a welcome boost to businesses in the local economy.