Purpose

The report seeks approval for a further
exclusivity agreement between Blackpool Borough Council, (the
“Council”)  and C1 Capital
and Mottram Estates, (the “Developer”), for the site
located at Leopold Grove,
Blackpool, (the “Site”). The
exclusivity agreement will provide a period of 6 months from the
11th October 2025 to 11th April 2026 with the
option to extend for a further 6 months to 11th October
2026, subject to written agreement between the parties. The purpose
of the agreement is to enable the Developer to continue the Site
due diligence in order progress negotiation’s for a suitable
hotel development.
 

Decision

To
approve the exclusivity agreement between the Blackpool Borough
Council, (the “Council”) and C1 Capital and Mottram
Estates, (the “Developer”) 
for 6 months with the option to extend the agreement a further 6
months if necessary. The period from the 11th October
2025 to 11th April 2026 with the extension period to
11th October 2026.
 
To
approve the agreement that will enable a further period of due
diligence on suitability of the Site at Leopold Grove, Blackpool,
(the “Site”) in respect of a 3 and/or 4* (star)
International branded hotel development with parking.