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Issue details

Amendment of Hotel Loan Facility for Fletton Quays Hotel

The Cabinet Member agreed to reflect the change of ownership structure of Fletton Quays Hotel Ltd within existing loan agreements.

Decision type: Non-key

Decision status: Recommendations Approved

Wards affected: Fletton and Stanground;

Notice of proposed decision first published: 20/11/2019

Decision due: 20 Nov 2019 by Cabinet Member for Finance

Lead member: Cabinet Member for Finance

Lead director: Acting Corporate Director Resources

Department: Resources

Contact: Carole Coe, Commercial Finance Manager Carole Coe, 01733 384562 Email: Tel: 01733 384562.

Consultation process

No consultation is required with the public for this particular decision.

Appropriate consultation on the new structure of the company has been taken with the Council’s financial advisors Deloitte and legal advisors Pinsent Mason.

Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee