Purpose

To consider the implications of the options for
the Fletton Quays Hilton hotel and to decide next
steps.

Decision

The Cabinet:
 
1.   
Authorised the Executive Director of Corporate Services and Section
151 Officer to reject the third-party bid.
 
2.   
Authorised the Executive Director of Corporate Services and Section
151 Officer to submit a credit bid to take the hotel out of
administration.
 
3.   
Authorised officers to start work to consider the options and ways
forward included within the exempt appendix.
 
4.   
Delegated authority to the Executive Director of Corporate Services
and Section 151 Officer to take all necessary steps to facilitate
the decisions in the recommendations including the entering into of
any necessary legal agreements.
 
5.   
Requested the Executive Director of Corporate Services and Section
151 Officer to submit a further report to Cabinet following further
due diligence on the shortlisted options included within the exempt
annex and provide a Full Business Case analysis for consideration
in July.
 
The full report can be found at the bottom of this page.