When Ken Bates set about building Chelsea Village the expectation was that things such as night clubs, health clubs etc built on the site would generate. 24/7 income alas the hotels never did and ironically the view very much is that when they were operating they in effect competed with hospitlaity.How much is Chelsea hotel worth ? I mean the figure seems high but it’s London and it could be worth more if the ground is redeveloped on the other hand it could be worth less if the redevelopment means knocking it down or relocating Chelsea no away fans. I thought I read it has been loosing money do not know how in London
It’s crystal clear that BlueCo 22 are the entity that will be building and funding the stadium rebuild so you would imagine that other parcels of land, buildings on site that were previously part of Fordstams property port folio and I would assume that were transferred when Chelsea Holdings was sold will have already been or will be “sold”.
Bear in mind the hotel sale was agreed on 28/6/23 by that date the 23/24 rule book had been agreed and Implemented on 14/6/23 .
That either means either
1) The sale was in train and it was agreed to be acceptable under old rules
2) It is accepted it fits the criteria adopted on 14/6/23
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