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Fresh(er) start: Former hotel to become student accommodation

11 08 21 Fresher start former hotel to become student accommodation hero

Former 39-bed hotel in Aberdeen to be converted into student accommodation


A hotel which went into administration in 2019 has been sold to a developer that plans to bring new life back to its halls by converting it into student accommodation.

Hotel property specialists Colliers sold the former Bauhaus Hotel, in Langstane Place, on behalf of administrators RSM Restructuring Advisory LLP who were appointed in July 2019. The landmark property was sold for an undisclosed sum off of a guide price of £1.4million.

Aberdeen City Council approved the conversion of the former 39-bedroom hotel into 45-units of accommodation, which will house students from the University of Aberdeen, North East Scotland College and Robert Gordon University. The property’s conversion ties in with the local authority’s plans for a £4.8 billion regeneration of the city. 

Paul Dounis, partner at RSM and joint administrator, said: “The sale and change of use of the vacant Bauhaus building will bring young people back into the heart of Aberdeen; enhancing the vibrancy of the city; creating jobs and supporting economic growth post-pandemic.”

The site is parallel with the city’s main retail thoroughfare of Union Street and close by to a wide range of restaurants, bars and live entertainment venues.

Robert Smithson, from Colliers’ Hotel Agency, who acted for RSM said: “We are delighted to have assisted RSM in finding a new use for this property. There has been a number of hotel asset sales taking place for alternative uses in recent times, this is the latest example of a hotel sale taking place with demand from both developers and hoteliers.”

Conversion of the property is expected to begin immediately.

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Robert Smithson

Associate Director

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Leeds

Robert works to provide expert brokerage and professional services to the Hotels Agency and  Parks, Sports and Marinas departments across England Scotland and Wales, moving between our Manchester, Leeds and Edinburgh offices.

Covering a wide range of matters, Robert has been involved in some of the largest and most significant parks and hotel deals over the last 10 years in the UK; allowing him to build up a great deal of industry contacts.

On behalf of both private and corporate clients Robert continues to strive to ensure that Colliers' reputation for service excellence and professionalism is upheld.

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Kim Inam

PR Manager

Marketing & Communications

London - West End

I'm a communications professional who has previously worked as a journalist for eight years covering a broad range of topics including politics, crime, health and housing in north London. In recent years I have worked in corporate communications for local authorities across London  and joined Colliers in October 2019, initially providing maternity leave cover.

I provide strategic public relations advice to various business lines within the UK organisation to secure recognition for their work in the property press as well as key target media, and work with our experts to produce thought leadership pieces which are of interest to our clients and colleagues within the commercial real estate sector. In addition, alongside colleagues in the PR and wider communications team, I provide media and social media training for our in-house experts to prepare them for media opportunities and raise their personal brand within the sector.

As well as supporting various teams within the UK business, I also I curate and edit regular content for the Colliers.com blog, which drives credible business leads to our experts.

 

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