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INVESTMENTS The George Best Hotel DONEGALL SQUARE SOUTH, BT1 5JG

Transcript of The George Best Hotelgeorgebesthotel.co.uk/wp-content/uploads/2017/07/George... · 2019. 4. 29. ·...

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I N V E S T M E N T S

The George Best HotelDONEGALL SQUARE SOUTH, BT1 5JG

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Belfast to deliver hotel room shortfall of 3,750 by 2020

Belfast will be doubling its value

of tourism to £870,000,000 by 2020

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Winner

5.George Best Hotel

6.Why Invest?

10.About George Best

12.Belfast

14.The Hotel Market

17.Investment Overview

26.Contact

18.Buying Process

20.About Signature

24.Signature by Numbers

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T H E G E O R G E B E S T H O T E L

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A B O U T

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The George Best HotelNestled on the junction of Donegall Square and Bedford Street,The George Best Hotel is set to be nothing short of remarkable. This grandiose hotel is in a prime city centre location overlooking Belfast City Hall and will pay tribute to one of the greatest footballers of our time. Originally named the Scottish Temperance Building before later changing to the Scottish Mutual Assurance Society Building, this beautiful Grade B1 listed building will become the focal point of the centre of Belfast.

Built by Henry Seaver and completed in 1904, the redevelopment will incorporate and preserve much of the buildings history whilst aligning it with Signature Living’s unique vision and guest experience. Having previously served as offices, this building will be transformed into a luxury football-themed hotel featuring premium amenities, a stunning wedding and events space, a museum dedicated to the legacy of George Best, plus a stylish bar and restaurant. The classic Baronial style architecture will retain many of its original features across all six floors, making it the perfect heritage redevelopment for Signature Living.

There is an option for the developer to buy back the units at 106% of the purchase price after year 3, plus an additional 2% per annum uplift which will be capped at a maximum of 112% of the purchase price.

BelfastCITY CENTER £80,000

PRICES FROM

83UNITS AVAILABLE

AVERAGE PRICE PER SQUARE FOOT

AVAILABLE UNITS

ROI FOR YEARS 1-3

ROI FOR YEAR 4

ROI FOR YEARS 5-10

£400

83

8%

9%

10%

THE GEORGE BEST HOTEL

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T H E G E O R G E B E S T H O T E L

Why invest in hotel rooms ? Hotel investment is one of the fastest forms of investment in the UK today. Due to its low risk, guaranteed rental yield and easy accessibility, its popularity continues to rise.

Hotel investment is an easy and stress-free way to invest. Simply invest in your chosen room and let us do all the work for you. From managing the room & wider hotel to marketing it and taking care of any maintenance issues, you simply collect the income.

When you invest, the hotel room stays a part of the hotels stock which means it is treated as part of the wider venue which is taken care of by Signature Living.

The hotel industry is one of the fastest growing sectors in the world which means there is abundant opportunity to invest.

Historically, it was very hard to invest in hotels as individual rooms were not designated for sale, this meant that you had to invest in a hotel investment fund which would ultimately take away control for the investor.

As hotel room investment becomes increasingly available, it’s never been easier to be in control of your investment.

H A N D S O F F I N V E S TM E N T E A S E A N D A C C E S S I B I L I T Y G U A R A N T E E D R E N TA L Y I E L D S

L O W R I S K

G U A R A N T E E D B U Y B A C K

All of our hotel room investments come with a guaranteed buy-back offer after year 3.

Signature Living investments are low risk as they come with a guaranteed rental yield which makes calculating your returns simple. The rental yield you receive varies depending on the room you choose to invest in.

Hotel room investment with Signature Living is relatively low risk. As an established hotelier, Signature are experienced in dealing with private investors who reap the benefits of their partnership, enjoying a hands-off investment which is low risk and high yielding.

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Investment in UK hotel assets hits 3.4Bn

in 2016

CBRE

Knight Frank

UK named top european choice for hotel investment

in 2017

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T H E G E O R G E B E S T H O T E L

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A Football LegendRegarded around the world as one of the greatest and most talented players in the history of football, George Best was known for his unique gift and outstanding ability with the ball. Over his career he played as a winger for Manchester United and the Northern Ireland national team and was described as “the greatest player to ever pull on the green shirt of Northern Ireland.” Born on 22nd May 1946 and raised in East Belfast, Best had an exceptional footballing talent and unwavering passion for the game from a young age. When he was just 15, he was spotted by a Manchester United Scout who praised his unique style, sending a telegram to manager Matt Busby which simply said, “I think I’ve found you a genius.” He was quickly signed to United by chief scout Joe Armstrong in 1961 and made his debut for the club aged 17, after turning professional in 1963.

During his time at Manchester United, Best became the club’s top goal scorer in the league for five consecutive seasons, scoring 179 goals from 470 appearances over 11 years. In 1968, he won the European Cup with Manchester United, and was named the European Footballer of the Year and FWA Footballer of the Year.

After the United years, Best played for Fulham alongside Bobby Moore, Hibernian and finally Bournemouth until 1984 when he retired aged 37. Known as one of the greatest dribblers of all time, his career is defined by his amazing speed, balance, vision, and uncontainable zest for the game that has motivated many footballers over the years. An inspiration to many, this hotel will celebrate George Best as the man everyone loved.

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A B O U T

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T H E G E O R G E B E S T H O T E L

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The Best ExperienceGeorge Best’s playing style was one of a kind, it combined pace, skill, balance, feints, two-footedness, goal scoring and the ability to beat defenders. Not just an outstanding player, but also a vibrant personality, Best became one of the first ‘famous’ footballers the world had ever seen.

Earning the nickname ‘El Beatle’ due to his Fab Four inspired haircut, Best grew in popularity on and off the pitch. He received more than 1,000 fan mail letters every week and was regularly offered modelling assignments and personal appearances.

A fitting tribute to the legend and legacy of George Best, this stunning hotel will create a truly unique accommodation experience.This beautiful accolade to the footballing legend will be themed around his amazing life and house an exclusive museum, dedicated to the life and times of one of the greats.

This unique museum and hotel will exhibit never seen before memorabilia, souvenirs and personal mementoes that will allow football fans to explore the world of George Best.

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T H E B E S T E X P E R I E N C E

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T H E G E O R G E B E S T H O T E L

BelfastBelfast has undergone a resurgence in tourism over the past decade and last year the city was crowned Best UK City. With 1.4 million visits which contribute over £278 million to the economy and support 17,000 jobs, Belfast’s growth is only just beginning. Belfast is the driving force behind Northern Ireland’s economy and is a hub for not only international visitors but also domestic. The city which has an eclectic vibe, with a plethora of restaurants, bars, attractions and landmarks to explore.

The local council has outlined plans to increase the cities growth 100% by 2021, which will be achiveved by improving transport links, more events and refining visitor experience. This growth has been recognised by many key companies across a broad range of sectors including accommodation, food & beverage and entertainment.

There are currently 27 new hotel developments in the pipeline for Belfast, bringing 3,747 additional bedrooms to the city. This highlights the elevated interest in Belfast and the expected growth over the next couple of years, making now the perfect time to invest in the city.

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B E L F A S T

UN

IV

ER

SI

TY

S

T

3

2

6

1

4

8

5

7

R I V E R L A G E N

V I C T O R I A S T

O X F O R D S T

D O N E G A L L S Q

R O Y A L A V E

N E L S O N S T

Y O R K S T

DO

NE

GA

LL

P

AS

S

AVAILABLVV E UNITS

AvAA erage price per square foot

AvAA ailable Units

ROI for years 1-3

ROI for year 4

ROI for year 5-10

There is an op�on for the developer to buy back the units at 106% of the purchase price a�er year 3, plus an addi�onal 2% per annum

upli� which will be capped at a maximum of 112% of the purchase price.

Belfast City Hall1.

St Annes5.

Water Front3.

Great Victoria Street 7.

Castle Court2.

SSE Arena6.

Victoria Shopping 4.

Queens University8.

7TH POPULARDomestic destination

45,000 STUDENTSEnroled in the city

£450 MILLIONIn visitor economy

Located in Donegall Square Belfast City Hall is the civic building of the city council.

A busy shopping centre in the city that has an estimate of 16 million visits per year.

The waterfront was voted ‘Best UK Conference and Incentive City Destination’ in 2013.

Belfast’s premier shopping centre features stores, restaurants and a cinema.

The one hundred year old church of Ireland cathedral is a popular landmark in Belfast.

An entertainment centre is part of the Belfast Harbour and holds 11,000

Belfast’s Great Victoria Street Station is one of the two major stations in the city.

Belfast’s popular university is over 100 years old with over 17,000 students enrolled.

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T H E G E O R G E B E S T H O T E L

The UK Hotel Market & The UK Regional Hotel Market 2017

Following last year’s decision to leave the European Union, the UK is expected to experience a boost in overseas tourism.

Towards the end of 2016, the UK experienced a fall in the pound which resulted in a strong sector performance. The PwC expects this growth to continue into 2017 as the UK’s resilient economic performance remains to have an impact.

Hotels in the UK are continuously seeing high occupancy rates with figures set to grow 0.9% to 82% in 2017 with the average daily rate also set to increase by 2.4% to £146. In 2018, occupancy is again expected to increase by 0.5% with ADR again growing 2% to £149.

The hotel sector in the UK continues to see demand outpace supply growth but supply growth is also on the rise. In 2017, there is expected to be an additional 20,000 rooms added to the UK’s hotel offering which is an increase on 2016 where 16,000 hotel rooms were added. Therefore, overall hotel capacity is set to expand by 12,000 per region this year, resulting in a 2.4% net rise, one of the highest growth rates since 2008.

The performance of the UK hotel market is closely linked to the general economy in the UK and due to the domestic nature of the regional hotel market, this is particularly true.

Head of hospitality and leisure research at PwC, Liz Hall said, “The effects of a weaker pound were finally felt by hospitality businesses towards the end of 2016 with inbound holiday tourism soaring.”

For 2017/18, the UK regions are predicted to see RevPAR growth of 3% to £54, which is driven by an improving ADR to £71, the highest in nominal terms.

In terms of occupancy, this is expected to remain high at 76% but growth will experience a standstill both in 2017 (0.1%) and 2018 (0.2%). RevPAR is further expected to decrease to 1.7% next year with ARD improving by 1.5%, taking rates to £72.

T H E U K H O T E L M A R K E T T H E U K R E G I O N A L H OT E L M A R K E T

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B E L F A S T

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A B O U T

From developing to selling and managing, we are revolutionising property investment around the globe. Unlike other companies who source properties to sell, we create them and then we manage them.

Signature Investments is part of the Signature Living Group of companies who are a privately owned business with a dedicated and experienced management team with a proven track record in the delivery of value for its stakeholders. Our team of seasoned professionals have over 250 years of technical & investments experience.

We have a keen eye for deals, a reputation for deliverability and a track record to match. We focus on the delivery of high-quality assets primarily within the hospitality and real estate sectors with defined strategies in hotel, serviced apartments and residential.

INITIAL INVESTMENT

ANNUAL RENTAL INCOME

MONTHLY INCOME

TOTAL 5 YEAR

BUYBACK UPLIFT

TOTAL RETURN

£80,000

£4,800

£400

£24,000

£6,000

£30,000

5 Y E A R P R OT E C T I O NF I N A N C E A N A LY S I S

A C C U M U L AT I V E R E T U R N

The ownership model is simple yet effective. Its hands-off format ena-bles you to enjoy regular payments directly to your bank account every month. At the end of year 5 your capital shall be repaid in full, equating to a 50% net return on investment.

£80,000 £110,0005 Y E A R S

£30,000£25,000£20,000£15,000£10,000

£5,000£0

Y E A R 1 Y E A R 2 Y E A R 3 Y E A R 4 Y E A R 5

£4,800

£4,800

£4,800£4,800

£4,800

Investment Overview

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T H E G E O R G E B E S T H O T E L

Our dedicated team of advisors are experts in planning the best strategy for you to achieve your investment goals. From the initial enquiry through to completion, our consultants will work closely with you to make the buying process as easy as possible.

We are known for developing a number of extremely success schemes over the years and therefore expect this project to be in high demand.

We advise any interested parties to get in touch with our advisors as soon as possible to avoid disappointment.

Backed by an experienced team and a history of successful projects, our purchase process is clear and transparent.

Our advisors are on-call to take you through each step of the way.

Buying ProcessChoose an investment

unit to buy

Pay a £2,500 reservation fee and instruct solicitors

Transfer 50% of the funds on exchange

Transfer 50% of the funds on completion

(balance minus reservation fee)

Investment process complete

12

34

5

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A B O U T

The Shankly HotelThe Shankly Hotel is a tribute to one of the football’s greatest managers, Bill Shankly.

In partnership with the Shankly family, this unique hotel features spacious suites, The Bastion Bar & Restaurant and the Shankly Museum where personal and professional memorabilia is on display.

The Shankly Hotel development transformed an old, tired Council building into a luxury hotel within the space of just 6 months, highlighting Signature’s ability to achieve a quick and high-quality turn without compromising.

Each of the 64 Shankly themed rooms are designed to a high standard with stunning interiors and facilities throughout. There are a further 34 Signature style rooms which feature classic Signature décor and themes such as Wonderland, Eden and Prohibition which are ideal for larger groups sleeping up to 24.

The award-winning hotel has proven to be immensely popular with football fans and city visitors alike and is a must-see destination for many on their trip to the city.

Football Themed Hotel

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T H E G E O R G E B E S T H O T E L

Over 1.4 million overnight trips per year

Belfast to deliver more than £390

million to the local economy between

2016 and 2020

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A B O U T S I G N A T U R E

About SignatureThe Signature Living Group has developed some of the most successful large-scale property schemes in the North West over the past few years. Our company operates over 1000 beds in Liverpool in particular, comprising of both hotel rooms and serviced apartments. By offering a unique proposition for larger groups of guests, our hotels have an average occupancy rate of 95%, far higher than the local average of 73%. Each development features unique leisure facilities, increasing their popularity across a broad range of people. We have now moved into residential apartments and this is their first large scale scheme in Manchester due for completion in Q4 2017.

Following completion of our highly successful Daniel House scheme, comprising 170 apartments, in June 2016 the group also has several other large apartment projects that are on site, most of which have been completely forward sold as investors seek to align themselves with our unique brand that takes a different approach to the residential market adding seek to align themselves with our unique brand that takes a different approach to the residential market adding value for developer and investor alike.

95%Occupancy rates for our hotels

1700Guests accommodated per night

3000Number of beds forecast by end of 2017

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T H E G E O R G E B E S T H O T E L

The first Signature Living Hotel was located on Stanley Street, in the heart of the Cavern Quarter area of the city. The derelict building was transformed into a 15 suite, genuine aparthotel with on-site bar and private rental space located on the lower ground.

THE FIRST HOTELConversion of the Grade II* former Albion House which was the headquarters of the White Star Line Shipping Co into a 63 suite boutique hotel, with a rooftop bar and restaurant (Carpathia), full spa facility (Morgan’s Spa) and a grand hall that caters for weddings and conferences.

30 JAMES STREET

Completed apartments with excellent rental returns close to the major Liverpool Waters regeneration area.

Conversion of a former 145k sq ft former council owned office block (acquired from Liverpool City Council for £3.5million in February 2015) into an 87 suite Bill Shankly themed hotel with a Shankly themed bar and restaurant on the ground floor.

THE SHANKLY HOTEL

DANIEL HOUSE

One Arthouse Square is a stunning development located in Liverpool’s vibrant Ropewalks district. It is also the home of our first Signature Works office location.

Conversion of a 58,000 sq ft former office building at 60 Old Hall Street, Liverpool into a 115 apartment residential scheme under our Signature Residential brand.

Conversion of a 35,000 sq ft former office building known as West Africa House into 42 high end serviced apartments.

WEST AFRICA HOUSE

60 OLD HALL STREET

ARTHOUSE HOTEL

The Exchange Hotel is the remarkable development of one of Cardiff’s most iconic landmarks.

Co-Working spaces in the heart of Liverpool within one of Liverpool’s most recognisable buildings.

Signature Works is the new and exciting co-working office business in the Signature group.

Bankfield Park is a former City of Liverpool College site in West Derby, which will be turned into 100 luxury one and two-bed apartments.

BANKFIELD PARK

THE EXCHANGE HOTEL

BLING BLING BUILDING

SIGNATURE WORKS

A former textile mill in Manchester is to be covereted into one & two-bed apartments

SIGNATURE MILL

A unique city centre development of one of Belfast’s most iconic buildings to be turned into a George Best themed hotel.

THE GEORGE BEST HOTEL

2013 20152014 2016 2017

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A unique model of world- class accomodation paired with excelent facilitlies and great locations

Our hotels have an average occupancy

rate of 95%, far higher than the local

average of 73%

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T H E G E O R G E B E S T H O T E L

65%of bedroom bookings

through facebook

£9.8mProfit in year ending

April 2016

£24mforecast profit year ending

April 2017

£41min asset value

1,3,6on Trip Advisor for hotels in

Liverpool

16Nationalities who have invested since January

2016

12buildings completed or

under construction

£251mTotal GDV

I N V E S T M E N T S

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B Y N U M B E R S

Plans to double tourism’s contribution to the economy by 2020

Tourism is currently worth 4.9% of

Northern Ireland’s GDP and sustains

over 40,000 jobs

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Contact us today

+44 151 305 3757

[email protected]

www.signatureinvestments.co.uk

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A B O U T

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I N V E S T M E N T S