Hotel Room Ownership
Bedroom 2 & Ensuite Bathroom
£69,000 Full-Share NOT Time-Share
We do NOT like “Time-Share” as it is disreputable. Instead we, and our solicitors created a new “Full-Share” form of ownership. For the lucky few who will own a private bedroom in the Sannox Hotel, it will be 100% ownership. “Full-Share”. Plus a pro rata ownership of the whole hotel.
^^ Sannox Hotel, island of Arran, KA27 8JD ^^
There will be 9 lucky shareholders and this is tone of the most important points…
These 9 shareholders will own 100% of the Sannox Hotel. They will control the Sannox Hotel by proper company Memorandum & Articles of Association. In practice this control will be by simple votes in accordance with the percentage of the whole hotel that each Hotel-Room-Owner has title to by virtue of their Share Certificate of ownership…
^^ Sannox Hotel ^^
^^ This is Number 2 of 9 Shareholders ^^
100% Equity Ownership.
Mortgages on The Hotel Are Banned.
You can stay in your hotel-room for up to 26 weeks per year. At least 26 of the other weeks must be available for paying guests to enable retention of the hotel amenity and planning class order (here).
Most shareholders are happy with 2 to 4 weeks holiday and to enjoy a very useful income from the rental of their hotel-room for the rest of each year.
=> We utilise the word “lucky” given what happened at our Lighthouse Tower Hotel where all 5 Hotel-Room owners controlled and…
=> Voted to sell and turned their £30,000 hotel-rooms for £49,800 each ~ cash (plus each Hotel-Room-Owner and their partner had a free holiday into the bargain)!
Fortunately, with the new Hotel-Room-Ownership form of legal “Full-Share” protocol, the SHARE-HOLDERS control all that happens to their building. Not some dubious character with the poor Time-Share owner having almost NO control. Their one measly week in October forever controlled by some high-pressure salesperson holed-up in the Costa-Del-Crime at the south of Spain.
=> By dint of fate, the directors of our fleet of hotel-owning companies are existing or retired law officers (here) or fire brigade officers (here) or persons of similar standing (here) who wanted our lawyers to design the fairest possible way of shareholders owning a hotel viably whilst keeping the banks claws out of the mix (here) and helping get the place re-opened. Not least but frequently there are 12 or more jobs brought back to life.
So our solicitors (plus two specialist corporate lawyer/shareholders from when we were Argyll Group plc) designed the new “Full-Share system of fully auditable and precisely legal Hotel-Room-Ownership if a fully secure + asset-backed + insured in a way where each owner has a full democratic say in what happens to their building.
=> Crucially that ownership title is fully auditable via HM Land Registry in a way that proves the integrity and value of each Share Certificate .
^ Sannox Hotel: Bedroom 2 ^^
Isle of Arran, KA27 8JD
You will own the hotel room and a share of the hotel. This asset-backed bricks-and-mortar Bedroom number 2 (and ensuite Bathroom + WC) is recorded at HM Land Registry via our Companies House SH01 (here) and CS01 (here) indelible ownership records. These can be viewed on the UK Government websites at ay time. Along with the fact we BAN any and all mortgages to enable pure 100% hotel-room-ownership.
^ Sannox Hotel: Bedroom 2 ^^
Isle of Arran, KA27 8JD
The Hotel-Room-Owners control the hotel and what happens to it. Here are photos of Bedroom 2 an the Bathroom + Shower + WHB + WC…
^^ Sannox Hotel: Bedroom 2 ^^
^^ Before Full Renovation ^^
Here are the ensuite facilities for Bedroom 2. Please note that there is a separate shower and a bath in this suite…
^^ Sannox Hotel: Bedroom 2 ^^
^^ Ensuite Facilities During Renovations ^^
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ere is Bedroom 2…
A
lot of work was still to follow. All interior walls and ceiling had a minimum of modern heat insulation added.
In fact here is pretty much the standard regimen for each of the 44 rooms…
a). Remove detritus.
b). Repair/replace roof.
c). Repair/replace damaged flooring.
d). Install new walls and high-spec., insulation.
e). First fix rewiring elements.
g). Replumb. Including new central heating system.
h). Install new double/triple glazing.
i). Fresh plaster of walls/ceilings and then redecorate.
j). Install new doors and door fittings such as intumescent safety strips and door-closers.
k). Complete second fix (terminology: here).
l). Snagging list.
Multiply this by 44 and you will appreciate why the Sannox Hotel was scheduled to take 18 months for the back-to-bricks restoration.
Factor in the Covid pandemic and ferry logistic problems, even though the crew did their best, and add the TBI injury and here we are at the three year mark.
Fortunately now within sight of the finish line.
The photo above helps our readers see, from the oblique view, where Bedroom 2 is, within the Sannox Hotel.
As a plan excerpt, here is what you get for £69,000 on the “Full-Share” ownership protocol…
hotel
hough if you look to see what happend to our Lighthouse Hotel (click here) that is not quite what we expected. However, for fok who buy a hotle room at £30,000, our Full-Share protocol enables a VOTE of all owners and if everyone would like to accept £49,800 for a £30,000 asset, we can hardly complain as we invented: “Full-Share”
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“before”, then “during” and “after” photographs of the hotel bedroom renovation work that has been complete.
d.
We dislike the idea of Time-Share. There is so much wrong with it. But our directors and shareholders asked to be able to properly OWN a hotel room. The idea being to stay for part of the year in the north of the UK and look at living in the south of France for as long as the EU law lets UK citizens without hassle. It is 90 days (here). Many of our readers were looking to change their lifestyles at 2 years ito Covid ockdowns. Now we appear to be coming out of that, there are a significant number of folk who justneed a laptop and can work anywhere in the world.
Each room is virtually taken back to the brickwork, old plaster removed and masonry treated to prevent rot/spores. Interstitial ventilation has been added to keep a free flow of clean air (it helps being by the coast. Meanwhile, the outside of the hotel has had source of any damp, such as broken rainwater goods replaced with new, high specification materials.
The fabric of the structure checked for integrity, such as internal roof and nail sickness etc. It should be oted that NO insulation material was found in th e ceiling dormers (other than a little bit of old. low-quality roof insuation that had slipped dow into the space.
of roof c.
It takes more than a 5% patch of insulation to do the job properly.
“before”, then “during” and “after”
100% of insulation was deployed and the whole hotel is up to modern standards. Aprt from being ecologically sound, this makes economic sence too. The heating bills are kept viabe due to insulation work complteed. Better than that, we are working on our owwn series of community generator stations. The aim is to half the bills again bringing them down to around 25% of what they are in 2023.
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These are by no means a definitive record of the major renovation and transformation following the full planning application process. But these photographs hopefully do provide a brief flavour that each bedroom – and in fact the whole hotel – has had a major renovation completed and what you are buying…
is, in effect a virtually brand new hotel room for you to own.
Here is bedroom number 4 following major (redundant and damp) chimney removal works…
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The high specification insulation built to replace the old, tired and damp original. The whole building is rewired, replumbed.
Where possible (Grade A listed hotels we own excepted) the hotel has new double glazing installed up to building code.
Double Glazing: “before” and “after”…
A brand new central heating system is installed throughout.
The building and hotel is then much more viable as it is economical to heat and uses much less energy/fuel to keep warm.
There is also a state of the art fire safety system installed.
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