Decision details

To consider the implications of the options for the Fletton Quays Hilton hotel and to decide next steps.

The Cabinet:

1.    Authorised the Executive Director of Corporate Services and Section 151 Officer to reject the third-party bid.

2.    Authorised the Executive Director of Corporate Services and Section 151 Officer to submit a credit bid to take the hotel out of administration.

3.    Authorised officers to start work to consider the options and ways forward included within the exempt appendix.

4.    Delegated authority to the Executive Director of Corporate Services and Section 151 Officer to take all necessary steps to facilitate the decisions in the recommendations including the entering into of any necessary legal agreements.

5.    Requested the Executive Director of Corporate Services and Section 151 Officer to submit a further report to Cabinet following further due diligence on the shortlisted options included within the exempt annex and provide a Full Business Case analysis for consideration in July.

The full report can be found at the bottom of this page.