Category Archives: Croydon Park Hotel

Administrators accuse council of forcing hotel out of business

EXCLUSIVE: The closure of the Croydon Park Hotel, with nearly 100 employees losing their jobs, could open the way for the site to be used to build more flats. By STEVEN DOWNES A confidential report from accountants carrying out the … Continue reading

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Posted in Brick by Brick, Business, Croydon Council, Croydon Park Hotel, Planning, Simon Hall | Tagged , , , , , , , | 6 Comments

Croydon in crisis: Council has been axing jobs since January

EXCLUSIVE: The Town Hall leadership is spinning to giddying levels to pin the blame for the council’s parlous financial position on covid-19, the Tory government… indeed anyone but the people responsible: themselves. But it is now emerging that the council … Continue reading

Posted in Colonnades, Croydon Council, Croydon Park Hotel, Jo Negrini, Tony Newman | Tagged , , , , , , | 3 Comments

Armageddon! Boxpark predicts 50% businesses won’t survive

KEN LEE reports on how one heavily subsidised private landlord in the town centre is now lobbying for yet more public funding Half of Croydon’s retail and hospitality businesses won’t survive the coronavirus lockdown, according to Roger Wade, the owner … Continue reading

Posted in Boxpark, Business, Croydon Park Hotel, Fairfield Halls, Tony Newman | Tagged , , , , , , , , | 4 Comments

Council-owned Croydon Park Hotel calls in administrators

EXCLUSIVE: All 91 members of staff at the 4-star town centre hotel were made redundant on Monday, as the impact of the coronavirus pandemic hits the local economy hard. By STEVEN DOWNES The company which operates the Croydon Park Hotel … Continue reading

Posted in Business, Croydon Council, Croydon Park Hotel, Simon Hall | Tagged , , , , , , , , | 12 Comments

Shock as leader of council with £1bn property debts is ousted

The leader of a local council which has gambled hundreds of millions of pounds on the property market has been ousted by party colleagues, and may now face an independent investigation. No, loyal reader, don’t get too excited just yet… … Continue reading

Posted in Colonnades, Croydon Council, Croydon Park Hotel, Outside Croydon, Surrey | Tagged , , , | Leave a comment

Chancellor is taking an axe to councils’ magic money tree

Croydon Council has more than £1bn of borrowings – half of which has gone on Brick by Brick and the purchase of some commercial properties. Proposals contained in the Budget this week could put an end to that, as KEN … Continue reading

Posted in "Hammersfield", Bernard Weatherill House, Brick by Brick, Business, Centrale, Colonnades, Croydon Council, Croydon Park Hotel, Croydon parks, Jo Negrini, New Addington, Planning, Property, Queens Gardens, Simon Hall, Tony Newman, Whitgift Centre | Tagged , , , , , , , , , , , , , , , | 1 Comment

Interest hike squeezes Brick by Brick’s speculative schemes

The Tory government’s obstinate fixation to drive the country off a Brexit cliff-edge at the end of October is driving down the value of the pound and causing massive problems for industry. Especially in construction – which could mean very … Continue reading

Posted in "Hammersfield", Boxpark, Brick by Brick, Business, Colm Lacey, Colonnades, Croydon Council, Croydon Park Hotel, Gavin Barwell, Housing, Jo Negrini, Planning, Tony Newman, Whitgift Centre | Tagged , , , , , , , , , , , , , , , , , , | 2 Comments

£29m: Croydon tops the table for flogging off public assets

With inflated claims of returns from the council’s house-builder being compared to a Ponzi scheme, a former council official says, ‘We are in uncertain times and the risks being taken with public money are huge compared to the marginal potential … Continue reading

Posted in Brick by Brick, Business, Colonnades, Croydon Council, Croydon Park Hotel, Jo Negrini, Tony Newman | Tagged , , , , , , | 1 Comment

Schroders’ £500m Ruskin Square stalls over Westfield doubts

Big business is getting twitchy over the slow pace of developments in Croydon, as KEN LEE reports The agenda for the Croydon Labour group brainstorming weekend in Eastbourne this weekend is said to be “thin”. That may be deliberate to … Continue reading

Posted in "Hammersfield", Business, Croydon Council, Croydon Park Hotel, Jo Negrini, Ruskin Square, Tony Newman, Whitgift Centre | Tagged , , , , , , , | 8 Comments

Council pays £53m to buy ‘unloved’ Colonnades centre

The business “brains” at Fisher’s Folly have gone out and splurged £53million of public money to buy the freehold of the “unloved” and rarely visited Colonnades retail and leisure park – just as industry experts are warning that 200 such … Continue reading

Posted in "Hammersfield", Boxpark, Business, Centrale, Croydon Council, Croydon Park Hotel, Property, Purley Way, Simon Hall, Waddon, Whitgift Centre | Tagged , , , , , , , , , , | 11 Comments

Council paid £5m above asking price for Croydon Park Hotel

Under Jo “We’re Not Stupid” Negrini, Croydon Council last month paid £29.8million to buy the Croydon Park Hotel – nearly £5million more than the asking price when the property was put on the market just weeks earlier. Negrini, the council’s … Continue reading

Posted in Business, Croydon Council, Croydon Park Hotel, Jo Negrini, Simon Hall | Tagged , , , , | 5 Comments

Don’t mention the war! Council moves into the hotel trade

KEN LEE, Town Hall reporter, on the council’s latest wheeze to generate a bit of spare cash by buying up a loss-making hotel The council has bought the Croydon Park Hotel, the 4-star, 55-quid a night tower that’s well-used by … Continue reading

Posted in Business, Croydon Council, Croydon Park Hotel, Fairfield, Jo Negrini, Simon Hall, Tony Newman | Tagged , , , , , , , , , | 9 Comments