A prestigious city centre former bank premises was converted into a banqueting suite, events centre and office accommodation. Stuart Rivers Associates generated Capital Allowances equivalent to 50% of the conversion costs.
This midlands mixed development was constructed for £16,000,000 and comprised a 13-storey hotel plus low rise offices, retail units, conference centre and apartments. It was then retained as an investment.
The acquisition of a former manor house in the north of England which was already trading as a hotel produced a Capital Allowance claim despite there being a previous claim by the seller and therefore a Section 198 Election in the sale contract plus a previous Hotels Allowance claim.