Collas Crill’s Guernsey office has helped secure the lease agreement between Premier Inn and Comprop to start the construction and development of the hotel chain’s first property on the island.
Jason Green, Partner and head of the firm's Guernsey property team, has been working with Channel Islands developer Comprop to draft, negotiate and finalise the agreement for lease and lease.
After many months of negotiations, Comprop, which owns the land at Admiral Park, now has the go-ahead to construct the 100-bedroom hotel. It will be the first hotel to be built in Guernsey for many years.
The hotel will occupy part of the site opposite Waitrose, adjacent to the derelict Sydney Vane House, which is scheduled for demolition. The project will also comprise an office building, restaurant and multi-storey car park, due to complete in December 2021.
Comprop recently completed construction of the Havelet Waters residential development at South Esplanade on the site of the former Guernsey Brewery and is in the process of selling the residential units with the help of Collas Crill.