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Lease of 1 Dreadsnought Street, Greenwich, London, SE10 0PU (Hotel)
Descriptions
The Council will enter an agreement with R Blue Regen GR Ltd (RBR) and Universities Superannuation Scheme Ltd (Landlord) to lease 1 Dreadsnought Street, Greenwich, London, SE10 0PU (the Property) for a term of 50 years for a total rent of GBP 102.5 million (indexed). Certain of RBR's obligations are guaranteed by Reef Estates Ltd. The Council will sub-lease the Property to Travelodge Hotels Ltd (Travelodge). At the expiry of the lease the Council has the option to acquire the freehold of the Property from the landlord for a nominal sum. The landlord and RBR will construct a new hotel building. These works are funded by the landlord and RBR to a specification agreed by them and set out in an existing agreement for lease with Travelodge. The Council is only legally obliged to lease of the Property on the completion of the new building.
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Tender Regions
CPV Codes
45212000 - Construction work for buildings relating to leisure, sports, culture, lodging and restaurants
45212411 - Hotel construction work
45212420 - Construction work for restaurants and similar facilities
45212400 - Accommodation and restaurant buildings
45211350 - Multi-functional buildings construction work
70200000 - Renting or leasing services of own property
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Details
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Possible Competitors
1 Possible Competitors
