I think you’re optimistic on the rook revenue and occupancy BUT

they didn’t say WHY it wasn’t possible. Just that it wasn’t possible. Might not only be the financials.

At the end of the day on an ADR rate of 100, occupancy of 70% and a profit margins of 10% the GOP is about 383k.

Obviously more to add with meals etc but it’s not the Savoy and essentially it is sited in a car park.

That’s all with them being able to leverage purchase and supply rates negotiated by a large hotel group like IHG. If Norwich city were the owner, they would not have the same leverage and therefore profit is going to be considerably lower. Also NCFC does not have the experience or knowledge of the industry, which they’d have to hire in. Return on investment is going to take a very long time.

I think “impossible” probably either means IHG don’t want to sell it as it is a nice little low-effort earner, and/or that the business case is not positive.

Why would we want to buy it anyway, other than to knock it down? And we really couldn’t afford to do that.

Posted By: Legacy Fan on October 16th 2025 at 10:54:20

Message Thread

USAC bullshit meter....... (NCFC) - usacanary, Oct 16, 01:02:23
- Worth way more than £3m (NCFC) - Old Git, Oct 16, 08:01:10
  - I think you’re optimistic on the rook revenue and occupancy BUT (NCFC) - Legacy Fan, Oct 16, 10:54:20
    - Rook? Room. (n/m) (NCFC) - Legacy Fan, Oct 16, 10:54:41
  - Didn't know it was that lucrative? (NCFC) - usacanary, Oct 16, 10:44:33
    - Wouldn't get that much back (NCFC) - CWC, Oct 16, 10:53:42
- Not complicated (NCFC) - inutero, Oct 16, 06:24:17
  - Just keep kicking the ball at their windows, they'll soon get fed up and sell up (n/m) (NCFC) - BSE Canary, Oct 16, 08:54:20
  - That's not how it works (NCFC) - Kangol Canary, Oct 16, 07:30:52
    - The club could possibly play hardball and make it... (NCFC) - usacanary, Oct 16, 10:32:01
    - If it’s not for sale then it’s not for sale (NCFC) - inutero, Oct 16, 08:51:31
      - Utter bullshit. (NCFC) - usacanary, Oct 16, 10:27:28
        
        Not bullshit is it (NCFC) - inutero, Oct 16, 11:40:04
        
        "obviously everything does have a price" (NCFC) - usacanary, Oct 16, 17:52:00
        
        You clearly are Ted Dibiase (n/m) (NCFC) - inutero, Oct 16, 18:06:36
- Eat my arse daddy (n/m) (NCFC) - Lentil Weaver, Oct 16, 02:08:00
- On matchday it has bouncers/ security guards...very passive aggressive ones (n/m) (NCFC) - Goosebumps, Oct 16, 01:34:57

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