New Drake's Island owner to expand hotel plans

George Sell By George Sell
1 week ago | Updated 1 week ago

UK: Drake’s Island in Plymouth Sound has been sold to local businessman Morgan Phillips.

Phillips' development company Guardian Industrial UK bought the island for an undisclosed fee off a guide price of £6 million, from Dan McCauley, founder of Rotolok, who acquired the island for £384,000 in 1995.

Plans to build a 25-bedroom hotel with a 120-cover fine dining restaurant, bar, conference facilities, spa and gym were given the green light by Plymouth City Council two years ago.

Phillips intends to increase the hotel capacity to 43 keys, along with the development of a heritage centre, and will invest up to £22 million in the project.

A timescale for the project has not be confirmed as further environmental studies need to take place first.

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