New Posh Hotel

[THE LARK SAINT]

https://www.thecourier.co.uk/fp/news/5390787/perth-luxury-hotel-former-council-chambers/

[MySpazz]

8 hours ago, THE LARK SAINT said:

https://www.thecourier.co.uk/fp/news/5390787/perth-luxury-hotel-former-council-chambers/

Amazing 

The deal, which includes a £1.9m grant for the London-based hotel developer follows on from the building being agreed to be sold for £1 to another developer who went bankrupt to the tune of £67 MILLION

That developer that went bankrupt....has directors who are not part of the new company taking on development!

So in steps, Lock Terrace Ltd who will pocket the £1.9m grant. That grant will be paid for with borrowed money, paid back over 50 years at £85k a year, so £4.5m in total!

A nice bit of business for Lock Terrace Ltd, which was established in 2023 by two former Henley Homes directors –Tariq Usmani MBE and Kashif Usmani.

You couldn't make this stuff up....

Edited December 11, 2025 by MySpazz

[Cagey]

On 12/11/2025 at 3:54 AM, MySpazz said:

Amazing 

The deal, which includes a £1.9m grant for the London-based hotel developer follows on from the building being agreed to be sold for £1 to another developer who went bankrupt to the tune of £67 MILLION

That developer that went bankrupt....has directors who are not part of the new company taking on development!

So in steps, Lock Terrace Ltd who will pocket the £1.9m grant. That grant will be paid for with borrowed money, paid back over 50 years at £85k a year, so £4.5m in total!

A nice bit of business for Lock Terrace Ltd, which was established in 2023 by two former Henley Homes directors –Tariq Usmani MBE and Kashif Usmani.

You couldn't make this stuff up....

What can go wrong? Quite a majority of councillors voted for this and the developers seem a bit iffy.

[MySpazz]

1 hour ago, Cagey said:

What can go wrong? Quite a majority of councillors voted for this and the developers seem a bit iffy.

The investors read like the sort of folk that'd buy Livi!

[MySpazz]

Should say

"That developer that went bankrupt....has directors who are now part of the new company taking on development!"

 

So a company went belly up, then the same directors came back around and scooped 1.9m

[MySpazz]

THIS...

https://www.facebook.com/PerthshireLocal/posts/pfbid02PG7PDrEe4rXeskAX9kx29KQUZnZcFS3oYe4GTMaKaG1TrxQWh5tYy1pXHWDQPfAWl

My post on the £1.9m grant for "The Heiton" sparked a fierce debate about fairness. That emotion is valid. But to understand the real impact on our city, we need to move past the politics and understand the entity. I have done some due diligence on the public record to understand exactly who Perth just bet £1.9m on.

1. Developers First, Hoteliers Second - The narrative is that a "Hotel Operator" is coming to town. The reality is that Rogue City Hotels is effectively the hospitality arm of Henley Homes, a major London-based property developer. Why does this distinction matter? Because developers operate on Asset Value, not just RevPAR. They take difficult buildings (like the Council Chambers), utilise their construction arm to convert them, and then operate them to yield a return on the asset. They are not sentimental operators, they are disciplined asset managers.

2. The "Phoenix" Structure - There has been discussion about "collapsed firms." The public record confirms that a previous entity, Rogue City Hotel Group Limited, entered administration and was dissolved in 2025, reportedly leaving significant debts. The new Perth project is being led by a new entity (Lock Terrace Ltd), directed by the same key figures. In the world of high-stakes London development, using SPVs (Special Purpose Vehicles) that can fold without bringing down the parent group is standard practice. To the local market, a dissolved company looks like failure. To a developer, it is often just risk management. It proves we are dealing with sophisticated financial operators who know exactly how to protect their downside.

3. The "Lean" Philosophy - The brand’s leadership has previously championed a "disruptive" model. Editing out the non-essentials. They tend to avoid heavy Food & Beverage operations, gyms, or spas, the "cost centres" that drag down margin. They prefer technology-led check-ins and partnerships with local restaurants over running complex, staff-heavy kitchens. This means they will likely run this 74-bed hotel with a fraction of the headcount of a traditional 4-star property.

Perth hasn't just funded a hotel, it has funded a highly efficient, unsentimental asset management machine. They are coming with London development capital, a liability-limiting structure, and a hyper-efficient operating model.

[slf]

 Could have housed some dudes in there and got there poll tax off them

 

someone living in the city centre

 

Someone got rodgered and it couldnae be the council.therefore it was us that got stuffed

i wondered did they adequately receive as nice financial remuneration for actively voting on this.

stinks .

where will they park there vehicles 🚗 

[slf]

Do we need another hotel

[Mizfit]

I’d say we do need another hotel. 
The County will be demolished once the police have finished their criminal investigations, and from what information is in the public domain it sounds like it was on its last legs anyway. 
 

The Raddison & Queens are currently hosting Asylum Seekers, and we do not know when the Government will cancel these contracts, if ever. There will also likely need to be some renovation to both those buildings. 
 

Inside the town aye you’ve got a couple of premier inns, travel lodge etc but they’re all in bad nick. I’d also rather a building sitting empty was put to use. 
 

On our doorstep is some of the best scenery in Scotland, and we’re in an ideal location for people taking an overnight trip, we’re 2 hours from Inverness and an hour from Glasgow and Edinburgh. Perth really needs to market itself better to get more money into the town.