the rex hotel - my.rcm1.com · walking distance of the iconic brick lane, fashionable redchurch...
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The Rex Hotel281-285 Bethnal Green Road, London E2 6AH
Freehold
Hotel Development OpportunityPlanning Consent for 130 Bedroom Hotel with Cinema, F&B and Rooftop Bar
Investment Highlights
LondonAs Europe’s leading hotel market, London is
among the most sought-after investment markets
in the world, owing to the extremely high
barriers to entry, established demand drivers and
its reputation as a safe haven for investment.
London’s Moving EastThe site is strategically located in the heart of
East London's most vibrant district, only 10
minutes away from Shoreditch by foot and
between Bethnal Green & Shoreditch High Street
underground/overground stations.
Rich HistoryThe Rex Cinema is a prominent Art Deco
building which is neither listed nor in a
conservation area. The building is recognisable
due to its famous tower frontage.
FreeholdExceptional freehold site with front and rear
access and full planning permission for
redevelopment into an iconic Hotel with 130
bedrooms, fashionable F&B and 60 seat cinema.
London Hotel Market12
2
124
126
133
170
175
175
183
79
81
79
83
0
20
40
60
80
100
120
140
160
180
200
2014 2015 2016 2017
GB
P
RevPAR TrevPAR GOPPAR
Source: HotStats, 2018
London’s hotel market is one of the largest and strongest
in the world, with an average occupancy of 81.6% in
2017 and an ADR of £163.21. The resulting RevPAR
(£133.19) represents a growth of 5.8% over 2016,
underlining the strength of London’s hotel market.
East London and Shoreditch in particular has been
continuously expanding geographically, economically and
culturally since the 1990’s. It is now London’s most
exciting sub-market and has become distinct as the city’s
new centre of creativity and innovation. Hotel occupancy
in the Shoreditch area is higher than the London average,
suggesting un-accommodated hotel demand exists.
London Hotels – RevPAR, TrevPAR & GOPPAR
FY 2014-2017
Location
The former Rex Cinema is located on Bethnal
Green Road in trendy Shoreditch, within short
walking distance of the iconic Brick Lane,
fashionable Redchurch Street and Spitalfields
Market.
Served by fantastic transport links, with
Shoreditch High Street station (London
Overground) and Bethnal Green (Underground)
10 minutes away on foot.
Easy access also to the City of London, Eurostar
terminal at St Pancras station and the
Whitechapel Crossrail station opening in 2018.
REX
HOTEL
Bethnal Green Road
10-min walk20-min walk
Brick Lane
Spitalfield
s
Whitechapel
Liverpool St.
Aldgate East
Bank
Old Street
REX
HOTELRedchurch St.
Shoreditch High St.
Bethnal Green
Box Park
Consented Scheme
Room TypesAverage Size
sqmRoom Count Share
Type C 12-13sqm 4 3%
Type B 14-18sqm 81 62%
Type A 18-20sqm 43 33%
Suite22-26sqm
(+ terrace)2 2%
TOTAL 130 100%
Full planning consent for the demolition of the existing building and redevelopment into a 130 bedroom
Hotel and Cinema (use classes C1,A3 and D2) was granted on June 16, 2017 – detailed below.
Block A Block B
Level Use Class GIA sqmTotal per
Floor GIA sqmRooms
-3 BasementHotel (C1) 445
660 11Cinema (D2) 215
-2 BasementHotel (C1) 420
460 15Cinema (D2) 40
-1 BasementHotel (C1) 450
530 15Cinema (D2) 80
Ground
Bar (A5) 136
611 2Hotel (C1) 420
Cinema (D2) 55
First Hotel (C1) 430 430 18
Second Hotel (C1) 505 505 20
Third Hotel (C1) 505 505 20
Fourth Hotel (C1) 505 505 20
FifthRestaurant (A3) 140
345 9Hotel (C1) 205
TOTAL 4,551 4,551 130
Use Class GIA (sqm)
Bar (A5) 136
Restaurant (A3) 140
Hotel (C1) 130 Rooms 3,885
Cinema (D2) 60 Seats 390
TOTAL 4,551
Further Information
The Rex Hotel development site is being offered for sale, offers will be invited for the freehold of the
development site. Further information, including a full feasibility study carried out by Christie & Co, will be
available in a confidential Data Room, upon acceptance of the non-disclosure agreement. For site viewings or
additional information please contact:
IMPORTANT NOTICE RELATING TO THE MISREPRESENTATION ACT 1967 AND THE PROPERTY MISDESCRIPTIONS ACT 1991.
CBRE Hotels and JLL, on its behalf and for the owner or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline
only for guidance of intending investors or lessees and do not constitute, nor constitute part of, an offer or contract. (ii) All descriptions, dimensions, references to condition
and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending investors or tenants should not
rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person employed
by CBRE Hotels or JLL has any authority to make or give any representation or warranty whatever in relation to this property. All photographs are historic. Maps and plans
are not to scale. This document was prepared in February 2018.
Lewis Corby
DDI: +44 (0) 207 182 3976
Jonathan Goldman
DDI: +44 (0) 207 399 5561
Julia Wyss
DDI: +44 (0) 207 182 2899