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    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

    Cavalry Barracks developer goes into administration | News

    Cavalry Barracks developer goes into administration | News

    Warehouse supply in Poland hits all-time high | Property Forum

    Warehouse supply in Poland hits all-time high | Property Forum

    Back at peak levels: House prices rebound after a rapid decline

    Back at peak levels: House prices rebound after a rapid decline

  • Retail
    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

    BPF calls for empty rates relief extension | Features and analysis

    BPF calls for empty rates relief extension | Features and analysis

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

    Vukile targets growth in rural retail

    Vukile targets growth in rural retail

    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

    3 Stocks Whose Dividends Look Safe Right Now

    3 Stocks Whose Dividends Look Safe Right Now

  • Residential
    Construction to renovate Archer School into affordable housing ramps up

    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Affordable Housing Planned For Boston’s Seaport

    Affordable Housing Planned For Boston’s Seaport

    New York trial to set Trump damages after judge finds real estate fraud

    New York trial to set Trump damages after judge finds real estate fraud

    Invest in Your Future – Scotsman Guide

    Invest in Your Future – Scotsman Guide

    8 SF properties could become next office-to-housing conversions

    8 SF properties could become next office-to-housing conversions

  • Office
    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

    Severe crash coming for US office properties, investors say

    Severe crash coming for US office properties, investors say

    What $250M Brickell Office Sale Means

    What $250M Brickell Office Sale Means

    Dubai property: Office rents, occupancy levels to go up in near term – News

    Dubai property: Office rents, occupancy levels to go up in near term – News

    DA’s office investigating Michael Baxter & Associates

    DA’s office investigating Michael Baxter & Associates

  • Industrial
    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    2024 Pre-Roll Consultation Period is Underway

    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

    Australian Property Journal’s sales and leasing transactions wrap

    Industrial Tenants Flee Sydney High Rents, Space Shortages

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    Public hearings Monday on Clarkesville budget, millage rate

    Public hearings Monday on Clarkesville budget, millage rate

    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

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    Commissioners to consider development plan for land near Taylorsville

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    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

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    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

    Bexhill and Hastings among towns set to receive £20 million of long term investment

    Bexhill and Hastings among towns set to receive £20 million of long term investment

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    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

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    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

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    How buying a new home can save you capital gains tax on shares, MF

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    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

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    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

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    Most expensive villages to buy a home in Suffolk revealed

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    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

  • Selling a Home
    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

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    Grandma scammed out of nearly $480K after selling family home in fraud scheme

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    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

    Zoopla is selling an extravagant home in Watford for £650k

    Zoopla is selling an extravagant home in Watford for £650k

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  • News
    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Aviva and Socius to develop £1bn south London cancer research hub | News

    Property Forum Awards 2023 – Shortlist announced

    Property Forum Awards 2023 – Shortlist announced

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

    Cavalry Barracks developer goes into administration | News

    Cavalry Barracks developer goes into administration | News

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    Warehouse supply in Poland hits all-time high | Property Forum

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    Back at peak levels: House prices rebound after a rapid decline

  • Retail
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    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

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    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

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    Staunton streetscaping, Buc-ee’s confirmed and library happenings: The Digest

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    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

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    3 Stocks Whose Dividends Look Safe Right Now

    3 Stocks Whose Dividends Look Safe Right Now

  • Residential
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    Construction to renovate Archer School into affordable housing ramps up

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

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    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

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    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Affordable Housing Planned For Boston’s Seaport

    Affordable Housing Planned For Boston’s Seaport

    New York trial to set Trump damages after judge finds real estate fraud

    New York trial to set Trump damages after judge finds real estate fraud

    Invest in Your Future – Scotsman Guide

    Invest in Your Future – Scotsman Guide

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    8 SF properties could become next office-to-housing conversions

  • Office
    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

    Taking a closer look | News, Sports, Jobs

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    Severe crash coming for US office properties, investors say

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    What $250M Brickell Office Sale Means

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    Dubai property: Office rents, occupancy levels to go up in near term – News

    DA’s office investigating Michael Baxter & Associates

    DA’s office investigating Michael Baxter & Associates

  • Industrial
    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

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    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

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    Australian Property Journal’s sales and leasing transactions wrap

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    Industrial Tenants Flee Sydney High Rents, Space Shortages

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    Public hearings Monday on Clarkesville budget, millage rate

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    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

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    Restaurant Real Estate: October 2023

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    Commissioners to consider development plan for land near Taylorsville

  • Hotel
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    Council hears more on Oasis sports complex

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

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    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

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    Paving the Way for Sustainable African Development

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    England’s Slow-Motion Debt Crisis Rolls Into View

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    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

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    Bexhill and Hastings among towns set to receive £20 million of long term investment

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    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

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    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
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    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

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    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

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    How buying a new home can save you capital gains tax on shares, MF

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    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

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    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

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    How to buy a video doorbell

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    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

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    Most expensive villages to buy a home in Suffolk revealed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

  • Selling a Home
    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

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    Grandmother scammed out of $750,000

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    Home battery owners earned up to £26 in trial for selling power to the grid

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    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Liam McCallum family sell up home and take memories of their miracle boy with them

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    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

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    Land Bank board members need to show up and do their job

    Zoopla is selling an extravagant home in Watford for £650k

    Zoopla is selling an extravagant home in Watford for £650k

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Inverness under-supplied to meet hotels growth, says expert ahead of decision on Ironworks site plan

PrR by PrR
2022-06-22
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Inverness under-supplied to meet hotels growth, says expert ahead of decision on Ironworks site plan
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The redrawn proposal for a Courtyard By Marriott hotel at the Ironworks site on Academy Street
The redrawn proposal for a Courtyard By Marriott hotel at the Ironworks site on Academy Street

The £30 million investment in a proposed new hotel in Academy Street is justified by Inverness being at the forefront of visitor accommodation expansion in Britain, according to an international expert in the industry.

Tomorrow Highland Council’s south planning applications committee will consider an application by Bricks Group to build a Courtyard by Marriott Hotel, for which approval is recommended by officials.

Council officials are recommending the bid to create the new seven-storey, 155-bedroom hotel on the site of the Ironworks venue is approved.

Marc Finney, head of hotels and resorts at Colliers International, a key industry analyst, said: “The market in Inverness has bounced back quickly and strongly and average revenue is comfortably ahead of pre-pandemic levels.

“Dependent on category, room occupancies are slightly below 2019 levels but continue to build. Average rates are markedly higher and income growth is outstripping cost growth.

“The Inverness market continues to lack supply, particularly in the mid-scale and economy sectors. The new Marriott due to open later his year will not help much at this level.”

Invernessian Allan Davidson, Bricks’ chief operating officer, said: “City hotels are booming just now, further underlining Marc Finney’s expert judgement that there remains good scope to grow the Inverness market. Our new hotel would be a key building block in this further development of the city and the Highlands as a visitor destination.

“We’ve stayed committed to this project, and Bricks fund their own new hotel developments, a significant advantage as it guarantees that if and when planning consent is secured, the project will actually happen.”

He added: “Painstakingly close work with planners and the council’s design review panel over a sustained period has seen us make the necessary changes which have enabled this positive recommendation.”

Mr Davidson added: “This hotel represents a significant inward investment to the city which would also enhance the city centre retail and hospitality footfall.”


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