Development Loan
Ainscow
The Ainscow Hotel , Manchester
Funded
100.0%
Remaining
£0
- Location
- The Ainscow Hotel , Manchester
- Property type
- Loan
- Expected return
- 10.0% p.a.
- Term
- 24 months
About this investment
UOWN is raising £500,000 to fund the transformation of an eighty-seven bedroom hotel located in Manchester. This four-star hotel is conveniently situated within a short five-minute walk to the lively Spinningfields and Manchester's bustling financial centre. UOWN has teamed up with Roomzzz, a top Aparthotel operator in the UK, who has already earned two Tripadvisor Travellers' Choice awards in 2022 for its existing aparthotels in Manchester.
The hotel’s top two floors have been closed down due to non-compliance with fire regulations. The funds raised from investors will be utilised to renovate and refurbish the closed floors, ensuring that the hotel meets all required standards.
The hotel is already generating revenue which will enable UOWN to offer investors a 10% per annum return. The returns will be paid out monthly over the two-year investment term. The investment is further supported by a corporate guarantee from Roomzzz, and exit from the investment will be via refinance of the asset.
Important information
Your capital is at risk and returns are not guaranteed. Property investments are illiquid — your money may be locked up until the property is sold or refinanced.