The Cabinet:
1. Considered the information included within the exempt appendix to this report;
2. Authorised the Executive Director of Corporate Services and Section 151 Officer to continue further due diligence work in respect of the options available for the hotel; and
3. Requested the Executive Director of Corporate Services and Section 151 Officer to submit a further report to Cabinet setting out the options available in respect of the hotel including the financial and non-financial implications of each option, the routes to be followed to achieve each option, the risks and such other information as may be required for the Cabinet to reach an informed decision on next steps for the hotel following completion of further due diligence.
The report presented to Cabinet can be found at the bottom of this page.