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Sameer Gehlaut to introduce more long-term accommodation for high-spend visitors

Sameer Gehlaut to introduce more long-term accommodation for high-spend visitors

  • Gehlaut to introduce long-term luxury accommodation for high-net-worth individuals families visiting London
  • The intervention is part of Gehlaut’s drive to ensure London remains a global tourism hotspot and leading destination for high-spend visitors

London, Monday 21 November 2022 – Sameer Gehlaut, leading super-prime property investor and founder of Clivedale London, has signalled his plans to invest in more state of the art family-focused luxury accommodation in London.

Gehlaut believes long-term, multi-room apartment accommodation that provides residents with the amenities, service, and luxury of a five-star hotel is the answer to attracting more high-spend visitors and families to the capital. He says there’s a growing demand for property that provides a home-away-from-home in London while also delivering the level of comfort expected at a luxury hotel.

The lack of top-shelf offerings for individuals and families wanting to temporarily base themselves in London means the local economy is missing out on crucial high-spend visitors, according to Gehlaut.

A recent report from the London Assembly Economy Committee said tourism accounts for almost 12% of London’s economic output and supports one in seven jobs. Boosting tourism can increase growth in the London and UK economy, as well as improve the livelihoods of those who depend on it.

Sameer Gehlaut said: “London will always be a global hotspot for high-net-worth visitors. We might be facing economic and geopolitial challenges, but people will always be attracted to the capital for business opportunities, world-class events and hospitality, and world-famous historical sites and cultural landmarks.

“But those who want to base themselves in the capital for several months only have two options – pay a nightly rate at a hotel or rent a property that isn’t fully-serviced. The options are even more limited for larger group such as families.

“We must address this gap in the market to captialise on the growing and lucrative market of high-spend tourists and visitors wanting to spend time and money in London.

“Not only does long-term accommodation that meets the requirements of high-net-worth visitors add a new dynamic to London’s hospitality and accomodation offering – it also unlocks a host of economic benefits for local businesses such as restuarants, bars, retailers, and entertainment venues.”

Gehlaut has two decades of experience in real estate and has a track record of strengthening London’s property market by investing in high-end commerical and residential property. He founded Clivedale in 2012, which has an emphasis on unparalleled locations and best-in-class amenities. It has delivered many of London’s most iconic, well-known developments including The Mansion, 73-77 Brook Street, and Mayfair Park Residences. Gehlaut is also behind the development of 20 Carlton House Terrace, now inhabited by energy company BP in one of the biggest deals of its kind in the last ten years.

He has also invested in other sectors, and was one of the earliest investors in OakNorthBank. In total, he has funnelled an estimated £750 million into the UK economy over the past decade.

 

ENDS

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