Redevelopment of Former Offices to 5 Star Hotel

“E³ put together an impressive proposal detailing all the stages of the project and their service capabilities and credentials. We were delighted with the outcome and the clear communications throughout the project and can highly recommend E³ Consulting and their specialist property tax services. The results speak for themselves.”

Director, Non Resident Landlord

The hotel comprises 30+ luxury guest bedrooms, including two exceptional penthouse suites; all with private en-suite facilities. There are two separate bar areas and restaurant facilities as well as private function rooms and cinema room/night club space. Additionally, there are staff & guest welfare facilities throughout.

E³ Consulting was appointed after an introduction through a relative of the one of the client’s directors who in turn had also benefitted from property tax relief on a separate project in West London. Our role was to optimise the capital allowances potentially available in respect to this major refurbishment of these former office premises.

E³ Consulting’s specialist surveyor carried out their site survey at a time agreed to minimise any disruption to hotel guests. They liaised closely with the client’s project manager, QS and accountant to reconcile project costs combining five separate contracts in finalising the report, and all within a few weeks of being instructed.

Property tax relief achieved:

■          Plant and machinery allowances of £9.71m

■          Integral features allowances £5.02m

■          Repairs & Maintenance of £1.42m

■          TOTAL TAX SAVINGS APPROX. £3.2m