The Star Hotel

10% Net Income - 70% ROI Over 5 Years – Prices from £44,950 - High Demand Area for Hotel Accommodation

Opulent are proud to announce their latest Hotel investment in collaboration with Merydion Hotels, The Star Hotel in Great Yarmouth. This stunning 41 bedroom hotel is Grade II listed building and holds an important place in Great Yarmouth’s salubrious history. Being an Inn dating from the 18th century, the hotel has boasted many a famous patron including Lord Nelson of Trafalgar who frequented the hotel many times. In fact, oak panelling from the room he stayed in can be found at the Metropolitan Museum of Art in New York.

The hotel not only boasts 41 rooms, but also 2 bars, a welcoming restaurant selling traditional British fare, meetings rooms and function rooms and can be used for wedding hire as well. Located by the old quay on the River Yare, the hotel is perfectly located for tourists coming to Great Yarmouth as all the main attractions are within a 15 minute walk, but also for business travellers coming for the areas thriving energy industry. Having benefited from a £400,000 renovation already, the money raised from the sale of the rooms will go to improving the hotel even further, increasing the value of the hotel and the income it generates.

Key Investment Facts

  • Hotel Operator and Freeholder – Merydion Hotels
  • Number of Hotel Rooms – 41
  • Rental Income – 10% net per annum
  • Year 5 Buyback Option – 120% of original purchase price
  • Leasehold Length – 149 years
  • Other Facilities – 2 Bars, Restaurant, Meeting Rooms, Function Facilities (for Corporate, Private and Wedding Events), Wi-Fi, Lift, Guest Parking
  • Investor Legal Costs – None
  • Investor Running Costs - None
  • Investor Stamp Duty – None
  • Recent Improvements - £400,000 renovation has already taken place

Online Ratings

Google Reviews – 4.4/5   
TripAdvisor – 4/5 – 9.1/10 – 9.2/10 – 4/5   
Trivago – 7.5/10   
Expedia – 4.6/5 – 9/10   
Facebook – 4.8/5

Investment Case

As with all investments, if there is not a strong enough background economic case, the investment will not be successful. Hence why we have taken the time to do full due diligence on the hotel itself and Great Yarmouth as an area. Please see some of the reasons why investing into hotels in Great Yarmouth now is a fantastic opportunity.

  • Great Yarmouth is one of the most popular seaside resorts in the UK
  • 5 million people visit every year
  • Ranked as the 3rd most popular UK seaside resort by visitor numbers
  • Next to the Norfolk Broads National Park, one of 13 such parks across the UK
  • Near the Norfolk Coast AONB and Suffolk Coast AONB, both popular tourist destinations
  • Tourists bring in over £591 million into the local economy each year
  • Accommodation and food service the biggest growth sector in the town in 2016 (15%)
  • Great Yarmouth is an important service base for North Sea Oil and Gas platforms
  • Peel Ports built a new deep water port 8 years ago to service the windfarms and oil and gas platforms
  • These improvements to the port means Great Yarmouth is one of only 7 ports capable of docking boats with loads of over 13,000 tonnes (there are plans to make Great Yarmouth one of the UK’s main container ports)
  • Already £11 billion invested in offshore wind farms (including Scrooby Sands which can be seen from the town)
  • £22 billion planned developments in offshore wind farms, including Europe’s largest windfarm
  • Greater Gabbard, Thanet, Lincs, Dudgeon, Sheringham Shoal are the proposed wind farms
  • 6000 jobs to be created by the new wind farms
  • Consultants for these wind farms come from countries like Norway, Germany, France, Sweden and all need hotel accommodation
  • Every week 10 rooms in the Star Hotel is booked by one wind energy company accommodating international consultants which is set to increase dramatically
  • Large marine research and advanced manufacturing sectors in the town

To summarise there are 3 main factors that will mean hotel accommodation in Great Yarmouth will be in high demand; tourismwind farm development and the port. With tourism Great Yarmouth is the 3rd most visited seaside resort in the country and in a recent survey came out as one of the top 20 holiday destinations for UK tourists. Over 5 million visitors per year generating nearly £600 million for the local economy. The fact the town is geared towards beach tourism but is also on the edge of the Norfolk Boards National Park, which itself brings in millions of tourists each year. The wind energy thought is probably the most exciting development. Over £22 billion worth of proposed development creating 6,000 jobs really puts Great Yarmouth on the map and at the forefront of the British wind energy industry. The fact that the consultants for this industry come from all over the world and need hotel accommodation is a big bonus for the hotel industry. The port as well, developed to service the wind farms and oil and gas platforms off the coast is now also ready to be a container port. Being one of only 7 ports that can take cargo ships over 13,000 tonnes, Peel Ports are investing further into the port and plan to make it one of the main cargo ports of the UK.

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