| Property: | Novotel Edinburgh Park, Edinburgh 170-bedroom hotel |
| Client: | Private Client |
- Appointed to carry out a feasibility appraisal of the four-star hotel for refinancing and loan security purposes.
- Reviewed financial statement and undertook a critical analysis of customer projections.
- Provided valuations using a discounted cash flow model.
| Property: | Maulsford Inn, Danderhall, Edinburgh & Bar 53, Main Street, Broxburn Vacant public houses |
| Client: | Punch Taverns |
- Advised on estimated sale value of the properties.
- Suggested potential alternative uses for both properties and investigated whether these uses would be acceptable to local planning departments.
- Sold the properties to private individuals on an unconditional basis. Both properties are to be converted to restaurants.
| Property: | Crow Bar, Shuttle Street, Paisley Freehold public house |
| Client: | Royal Bank of Scotland |
- Carried out a detailed inspection of the property.
- Established the full terms of the lease and identified any clauses which may have an effect on the valuation.
- Examined the trading information made available.
- Provided a market value taking into account the lease terms and the sustainability and potential growth of the rent based on the public house’s fair maintainable trade.
| Property: | Quality Hotel, Perth 70-bedroom hotel |
| Client: | Murray & Hemmingway |
- Provided a full valuation service for the proposed purchase of the property comprising 70 letting bedrooms, two bars, a restaurant, ballroom, large function room and four other small function/meeting rooms.
- Prepared a comprehensive valuation report for the proposed purchaser and lender on a full market value and restricted value basis. The recommendations included the potential of the rear car park for residential development.
| Property: | Holiday Park Development, Kincaple nr St Andrews |
| Client: | Kincaple LLP |
- Provided loan security advice at the time of acquisition in 2007 and was reappointed two years later to advise on loan restructuring and refinancing at the end of the loan period. The client had invested a significant cash injection to improve the park.
- Identified a means of minimising risk and demonstrated how an exit strategy could be structured.
| Property: | St Andrews Hotel, Aberdeen 168-bedroom hotel |
| Client: | Patio Hotel |
- Prepared adetailed market valuation for loan security for the 168-bed hotel.
- Arrange sale and leaseback of the hotel for £30m.
| Property: | Marston Hotels across the UK Portfolio of 12 hotels |
| Client: | Q Hotels Ltd |
- Advised Q Hotels during the acquisition of the 12 UKhotels in the Marston Group.
- Provided pre-acquisition building survey advice including inspecting and reporting on all of the premises.
- Managed the input of all specialist consultants during the due diligence process.
