I read in the Mercury that the owners' of the Royal Pier Hotel are trying to "drum up" local enthusiasm, for their proposed boutique hotel and 63 apartments.

Apart from the fact that I posted some time ago that I doubt this venture will ever succeed, if only due to "where would you park 100 plus residents and hotel guests/staff cars".  I now read in the "trade press" that the two main UK hotel chains (Premier Inns and Travelodge) are now "easing off" the hotel site aquisition trail, due to a perceived lack of business for them, during the next few years. If the big hotel chains are not going to invest huge sums of money just to aquire hotel sites.  I would be surprised if any other hotel operator would step in.

A business friend of mine recently approached their bank for a loan. They had been with the bank for 10 years, never exceeded their overdraft limit, always paid the bank on time, and had a top credit rating with the bank. The bank wanted excessive security, would not grant the full loan, and, as my friend told me, banks nowadays, want "blood" !

In situations like this, it's going to be extremely difficult for anyone to raise capital for a venture like the Royal Pier Hotel. Unless someone knows any different.