PPRuNe Forums - View Single Post - Southend-2
Thread: Southend-2
View Single Post
Old 23rd Mar 2020, 15:21
  #3911 (permalink)  
asdf1234
 
Join Date: Jun 2009
Location: UK
Posts: 546
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Bee Rexit
Planning application for the new airport hotel has been withdrawn. Not really surprising at the minute.
From the grant of planning approval to breaking ground, build and fit out, to opening the doors will be in the order of 24 months if everything proceeded without problems. So withdrawing the application because of the current downturn due to CV could be seen as short-sighted. In 24 months time I predict air travel will be back to current levels. Even if Stobart Group are short of cash, getting the planning approval makes the airport more attractive to potential purchasers. I'm perplexed as to why they have withdrawn their application.
asdf1234 is offline