The Belmont, Harrogate
Having operated and managed short term rentals since July 2016, In Hot Property have identified opportunities within the guest house market. Our latest project will see an existing 8-room B&B transform into a modern, smart, boutique 12-bed aparthotel.
The formula will involve converting communal rooms (dining room, sitting room) and owners accommodation into extra guest rooms. Together with upgraded bathrooms and kitchenettes, the rooms will command a higher price and using revenue management software, we can further increase occupancy.
We will increase the number of rooms by 50%, the average nightly room rate by 20% and the occupancy levels by 10%, leading to a 98% increase in revenue and a corresponding increase in profits. By working with vendors and investors, together with our expert power team, we can produce a streamlined, state of the art solution for forthcoming guests in the beautiful and thriving town of Harrogate.
Our ultimate goal is to produce a collection of smart boutique guest houses in the area under the umbrella brand of ‘Harrogate Stays’.
As of February 2020, The Belmont is closed for the Phase 2 refurb. See below images of the Phase 1 refurb.
The Phase One refurb consisted of a relatively low cost but high impact light refurb. All walls and ceilings were painted white, new furniture, light fittings and window dressings were replaced to give a much fresher feel. This enabled us to reopen in time to trade for late summer and autumn, including the World Cycling Championships.
Phase Two will be much more in-depth, taking the property back to brick to replace outdated infrastructure such as plumbing and electrics. 50% of the rooms will be reconfigured to provide more space and functionality with some structural work taking place in room 9.
Phase 2 refurb is underway…
We’ve gone back to brick at The Belmont. Following some delays during the COVID-19 restrictions, work resumed over the summer of 2020. We will be offering 12 newly refurbished single en-suite rooms, suites and studios in early 2021.
