Tag Archives: Croydon Park Hotel

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

Posted on September 11, 2019 by

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

Councils’ property deals are ‘gambling with public money’

Posted on December 4, 2018 by

Councils across England – including Croydon and Sutton – have between them borrowed billions of pounds of public money to finance the purchase of real estate and commercial properties, a policy which could place some at risk of financial collapse, … Continue reading →

Posted in Croydon Council, Jo Negrini, Property, Richard Simpson, Simon Hall, Sutton Council | Tagged , , , , , , , , | 1 Comment

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

Posted on September 10, 2018 by

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

Posted on August 24, 2018 by

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