MCBAINS COOPER
PROPERTY & CONSTRUCTION CONSULTANCY
PRESS RELEASE
January 3, 2012.
TOUGH TIMES BOOST HOTEL DEVELOPMENT MARKET FOR MCBAINS COOPER.
Property and construction consultancy McBains Cooper says that the tough economic climate appears to be actually boosting the hotel development market.
Richard Fewings of McBains Cooper says there has been no fall off in enquiries from hotel developers over the past 12 months, and, if anything, they’re on the increase.
McBains’ hotel team is seeing a distinct pattern emerging: four-star business and conference venue hotels in and around London
“The downturn is, ironically, working well for the hotel market: hotels are becoming essential tools of business and client development, with more people spending more time away drumming up business, and more companies bringing their people together for motivational, intelligence-sharing or brainstorming meetings all aimed at making the most of every opportunity,” said Richard Fewings.
“Business-focussed hotels are benefitting from high fuel charges and rail fares: staying over away from home, just outside major cities, between meetings, often costs a fraction of the price of the fuel to go to and fro.
“Anybody in business who has to travel to London from around the country also knows that the most time-efficient fares – peak-time travel – cost around £240 standard and £350 first class, Leeds or Manchester-London return, for instance.
“But the key is the new breed of super-efficient hotels, high on sustainability and recyclable energy. Yes, hotels are closing, but they’re largely older hotels which are in the right place but have a legacy of age-old design which can make some of them many times more expensive to run per square foot compared to something designed and developed today.
“Older hotels were edifices and landmarks, luxury was built-in, crafted and carved, and are often difficult to modernise. Modern hotels are largely pre-packaged, fast to go up, massively efficient.”
One example is McBains Cooper’s newest project – it has been appointed to provide M&E, cost management and project management on a multi-million pound hotel project in Shepherd’s Bush, London
The seven-storey, four-star hotel will sit behind the listed façade of a former cinema building and will include 242 bedrooms, a restaurant, bar and gym.
“This is an exciting project, because we have a listed façade, but a core structure which will use the newest techniques and materials, creating something both attractive and efficient,” said Richard Fewings.
Kosmopolito currently owns and manages four brands in different market segments; the upscale Kosmopolito brand, Boutique Series by Kosmopolito, four-star business hotel Dorsett Regency and value hotel Silka, with a total of 29 hotels across Asia - in Singapore, Malaysia, Johor, Hong Kong, Shanghai, Chengdu and Wuhan.
This is the first hotel for Kosmopilto in London
Ends
Further information:
Iain Macauley
07788 978800 im@pressrelations.co.uk
Notes.
McBains Cooper
McBains Cooper is an inter-discipline consultancy, specialising in property, infrastructure and construction, offering a wide range of consulting and design services including architectural, aesthetic or technical design, problem solving, budget management, facilities management, health and safety, sustainability consultancy and on-the-ground civil engineering. Driving and supporting projects ranging from minor works to major contracts worth more than £100 million, McBains Cooper operates across a variety of sectors throughout the UK , Europe and Latin America . McBains Cooper is committed to environmental, social and economic sustainable development and their integrated approach means they deliver effective, award-winning solutions to their clients. The Group employs 150 people. McBains Cooper has regional headquarters in London (head office), Glasgow , Manchester , Oxford , Windsor , Athens , Lima (Peru ), Miami and Mexico , with associate offices in Belfast and Dublin
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