Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Councillor T. Archer, Executive Member for Investment and Companies, introduced the exempt information in relation to the Redhill, Lease Arrangement – Exempt part 2 report. A wide range of issues were discussed, including the current occupancy rates at the hotel; the expected rental income stream for 2021 and consequent budget implications; and the impact of an alternative brand at the hotel.
RESOLVED that the exempt information regarding Redhill, Lease Arrangements – Autumn 2020 be noted.
Publication date: 19/10/2020
Date of decision: 15/10/2020
Decided at meeting: 15/10/2020 - Commercial Ventures Executive Sub-Committee