72
Proposed keys
Focused 72-key base case.
PROJECT & CAPITAL | CHICHESTER, WEST SUSSEX
Citygates Hotel,
Chichester
A proposed 72-key Spark by Hilton conversion of an existing city-centre gateway asset.
CityGates Development Ltd is progressing the repositioning of 2–4 Southgate, Chichester into a branded limited-service hotel, with Hilton engagement, operator involvement and a focused 72-key base case.
Further project information is available following an introductory review.
Confidential project information is released by approved access only.
CITYGATES AT A GLANCE
The opportunity at a glance
A focused hotel conversion in central Chichester.
Spark by Hilton
Proposed brand
Brand engagement progressing alongside the hotel workstreams.
Central Chichester
Location
Close to rail, the city centre and major visitor destinations.
26/01844/FUL
Planning
Application validated and progressing through the planning process.
Existing asset
Conversion strategy
Adaptive reuse of an established Southgate office building.
Active
Capital process
Development funding structure under lender and investor engagement.
LOCATION
A gateway location in central Chichester
Citygates occupies a prominent position on Southgate, close to Chichester railway station and within walking distance of the historic city centre.
The location benefits from a broad mix of leisure, business and event-related hotel demand, including Chichester itself, Goodwood, theatre and cultural activity, South Coast tourism and visiting friends and family.
The strategy is deliberately centred on the existing Citygates asset and the 72-key hotel conversion. Any future adjacent-site opportunity is treated as potential upside rather than being required for the core business case.
HOTEL PROPOSITION
A focused branded hotel proposition
The proposed hotel is being developed around the Spark by Hilton proposition: a focused premium-economy hotel model designed around efficient operations, a straightforward guest offer and Hilton's distribution and loyalty ecosystem.
Design, operational and technical workstreams are being developed alongside Hilton requirements and the proposed hotel operator.
The objective is a disciplined conversion rather than an over-specified full-service hotel.
BASE CASE
A disciplined base case
Existing building
Adaptive reuse of an established city-centre asset rather than reliance on speculative ground-up development.
Defined 72-key base case
The core business case is centred on the existing Citygates site and does not depend on future adjacent expansion.
Professional workstreams progressing
Planning, QS, technical, valuation, operator and funding workstreams are advancing in parallel.
Focused capital structure
The funding strategy is being developed around an appropriate mix of development debt and, where relevant, additional private or structured capital.
STATUS
Project progress
Citygates has moved beyond initial concept stage, with the principal planning, technical, hotel and funding workstreams now progressing.
- Asset acquired
- Hilton engagement
- Planning validated
- Technical & cost development
- Capital structuring
- Delivery
The immediate focus is on progressing planning, tightening final technical and construction assumptions, and agreeing the development funding structure so the project can move efficiently toward delivery.
CAPITAL STRATEGY
Focused capital,
structured carefully.
CityGates Development Ltd is progressing the development funding structure for the proposed Citygates Hotel conversion.
Discussions are focused on appropriately structured development debt and, where relevant, additional private or structured capital.
Detailed funding requirements, commercial terms, project financials and supporting diligence are provided only through the controlled information process following an introductory discussion.
Discuss FundingCONTROLLED ACCESS
Further information available
Following an initial review and introductory conversation, approved parties may be provided with selected project information.
Project overview
Planning and site information
QS and cost information
Hotel operating assumptions
Valuation information
Proposed sources and uses
Funding structure
Relevant Hilton and operator information where appropriate
Project materials are confidential and are not released for onward circulation.
Request AccessPRIVATE ENQUIRY
Request project information
Please provide a few details. Enquiries are reviewed individually and we will normally arrange a short introductory conversation before releasing further project information.
Private capital enquiries
capital@citygatesdevelopment.com
✓
ENQUIRY RECEIVED
Thank you.
Your enquiry has been received. We review each approach individually and, where there appears to be a potential fit, will contact you to arrange a short introductory conversation before further project materials are released.
A confirmation has also been sent to the email address you provided.
Return to topPrivate capital, lending and professional enquiries
capital@citygatesdevelopment.com