25-26 November 2020 11/25/2020 1:00:00 PM 11/26/2020 6:00:00 PM Europe/London


The leading industry news resource; industry awards and international b2b conference and exhibitions for the sector Unit 1, Canada Water Retail Park, Surrey Quays Rd SE16 2XU International Hospitality Media info@internationalhospitality.media
Tobacco Dock, Tobacco Quay, Wapping Lane, London, E1W 2SF Tobacco Dock, London

Betting billionaire's Manchester aparthotel plans scrapped for resi option

UK: Billionaire bookmaker Fred Done's plans for an aparthotel in Manchester's Shudehill have been replaced by a proposed residential apartment block.

The 13-storey aparthotel project in Shudehill - which was to have been operated by Zoku - was rejected by planners three times for being too big. Done, the founder of bookmaker Bet Fred, has now, through his development company Salboy, has now submitted plans for an even bigger project - a 17-floor block of flats which would also potentially include shop and office space, a cafe, bar, gym or cinema and a small amount of public space.

The first application for the site on the corner of Soap Street was submitted in August 2017. At the time, councillors said it was too tall and told officers to renegotiate its design. After it was brought back repeatedly with minor changes, the plan was finally rejected in February 2018.    

The reason for the even bigger scale, according to the planning report, is that the latest version now keeps the old Soap Street warehouse next door - a more expensive proposition that Salboy argues has to be paid for by building upwards on the rest of the site.

View all Articles

"ULF is a long needed innovative approach. The blend of content demonstrates that hospitality provides the increasingly crucial thread through so many real estate classes and not only refers to traditional hotels and serviced apartments but has already permeated the residential markets in their increasingly varied formats. Now these services are expanding into the residential innovative care and office markets in the UK and overseas. We are witnessing the market converging at pace as investors seek optimum yield across a variety of urban asset classes. These are exciting and pioneering times and I look forward to expanding my horizons at this unique event"

Laurence Geller CBE, CEO Geller Capital Partners

Subscribe and keep up-to-date