First crowd-funded boutique hotel to open in the Cotswolds


International Commercial Investment (ICI) has launched its first crowd-funding investment opportunity for a boutique hotel in the Cotswolds, The Convent Hotel & Spa.

The Beyond Boutique Hotels fund founders Matthew Roberts and Frazer Fearnhead, are looking to raise £2.1m for the purchase and refurbishment of 14 rooms within The Convent site.

The Grade II-listed convent in 26 acres of land will be revamped in 2014 to include a members’ club, a spa, restaurant, two bars, a retreat and a live music venue – The Chapel – which can accommodate 250 people.

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Roberts ran Hurst House for 15 years and was an early investor in the successful boutique hotel Babington House in Somerset. Along with Fearnhead, he is reportedly planning to open boutique hotels in "discreet locations around the UK" through crowd funding.

Crowd funding, which has grown in popularity over the last two years, involves the coming together, or ‘crowding’, of a number of people who share a common interest.

Typically, for investors looking for a safe commercial investment, yields can be up to 20% per year and an exit is assured if they require.

ICI said the increased cash flow in the hotels themselves cuts overheads and makes the hotel significantly more profit than that of a hotel run on traditional lines.

The Beyond Boutique Hotels’ booking model markets hotel availability directly to niche organisations who require regular block bookings.

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