Premier League Inn
Sports legends share in €9.5m sale of budget hotel building
EXCLUSIVE WAYNE Rooney is among a team of footie legends to score a share of the €9.5million sale of a building housing a budget hotel.
The ex-man Utd star, 37, and Ashley Cole, 42, were among investors cashing in on a building occupied by an easyhotel.
Others included ex-celtic keeper Joe Hart, ex-everton midfielder Leon Osman, Portugal coach Roberto Martinez and boxing legend Joe Calzaghe. Premier League stars Fellaini, Lucas Leiva, Darren Bent, Papiss Cisse and Sylvain Distin were also involved, paperwork shows.
A total of 33 investors bought the building, Proctor House in Newcastle, in 2013, and rented it out. They decided to cash in on their investment and the building sold for €9.5m.
The bank loan against the property was €5.3m, documents lodged at Companies House show, with other debts taking the total owed to creditors to around €5.5m. The €9.5m sale price would have left a profit of €4m for the 33 members of the scheme – or more than €112,000 each.
Members did not give final profit and loss figures for 2021/22. But the records confirmed an initial valuation of Proctor House at €8.6m and the “disposal” or sale figure of €9.5m.
The investors resigned as members of the company owning it last month.
Paperwork for the group said: “The partnership disposed of the sole investment property. This property was the only income generating unit and theremarouane
fore the partnership ceased to trade after disposal.”
The group had encountered problems with their bank loan for the building two years ago, with cash-flow issues when the hotel struggled due to the pandemic. However, trading improved once the country came out of lockdown.
Easyhotel was founded by easyjet’s Stelios Haji-ioannou in 2004 and is now owned by a Canadian pension fund and Luxembourg property investors.
Wayne Rooney’s spokesman declined to comment yesterday.