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Doncaster - Planning Update

14 Mar 2007 07:04

Arena Leisure PLC14 March 2007 Arena Leisure Plc Doncaster Racecourse - Planning Update Arena Leisure Plc ('Arena') is pleased to announce that Doncaster MetropolitanBorough Council has granted detailed planning permission for a combined hoteland residential development at Doncaster Racecourse ('the Racecourse'). The development will incorporate a 120-bedroom four-star hotel with associatedrestaurant and bar facilities on the lower floors and 34 residential apartmentson the upper floors, for which underground car parking facilities will also beprovided. The gross cost of the development is estimated at around £17.5 millionwhich, after the sale of the residential apartments, is expected to result in anet cost of around £10.5 million. The preferred operator of the new hotel is Millennium & Copthorne. The hotel is the second phase of the exciting plans for the redevelopment ofDoncaster Racecourse. The first phase, which will cost around £32 million,involves the replacement of the old grandstand and exhibition hall withstate-of-the-art facilities for racing, conferences and exhibitions, togetherwith new stabling, weighing room and stable lads' accommodation. Phase one is scheduled for completion in August 2007, in time for the world'soldest classic horserace, the St Leger, in September. It is anticipated thatphase two construction will be completed for the 2008 St Leger. Arena owns 81% of the company that holds a 99-year lease over DoncasterRacecourse, although for the first 30 years Arena will receive 92.5% of thiscompany's profits. Mark Elliott, Chief Executive of Arena Leisure Plc, commented; "We are delighted to have received planning permission for the hotel andresidential development at Doncaster Racecourse. The Racecourse is in afantastic location and the new hotel will operate closely with the extensive newfacilities, helping to transform Doncaster Racecourse into a world-classleisure, business and racing venue." - Ends - For further information: Arena Leisure PlcMark Elliott, Chief Executive 020 7495 2277e-mail: contact@arenaleisureplc.com Bell Pottinger Corporate & FinancialDavid Rydell/ Geoff Callow 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
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23rd Feb 20227:30 amRNSSuspension - Arena Events Group Plc
22nd Feb 20224:55 pmRNSDirector/PDMR Shareholding
22nd Feb 202212:42 pmRNSForm 8.3 - Arena Events Group plc
22nd Feb 202212:06 pmRNSCourt Sanction of Scheme of Arrangement
21st Feb 20228:44 amRNSForm 8.5 (EPT/NON-RI)
16th Feb 20225:30 pmRNSArena Events Group
15th Feb 20228:38 amRNSForm 8.5 (EPT/NON-RI)
11th Feb 20229:24 amRNSForm 8.5 (EPT/NON-RI)
4th Feb 20223:06 pmRNSForm 8.3 - Arena Events Group PLC
1st Feb 20225:36 pmRNSHolding(s) in Company
1st Feb 20224:07 pmRNSCourt Hearing Date and Cancellation Timetable
1st Feb 20223:00 pmRNSForm 8.3 - Arena Events Group PLC
1st Feb 202212:47 pmRNSRevised SHA and Consortium Bid Agreement
1st Feb 20229:07 amPRNForm 8.3 - Arena Events Group plc
31st Jan 20223:11 pmRNSForm 8.3 - ARENA EVENTS GROUP PLC
31st Jan 20222:55 pmRNSForm 8.3 - Arena Events Group PLC
31st Jan 20229:01 amRNSForm 8.5 (EPT/NON-RI)
31st Jan 20227:42 amPRNForm 8.3 - Arena Events Group plc
28th Jan 20223:01 pmRNSForm 8.3 - Arena Events Group PLC
28th Jan 202210:57 amRNSReceipt of Regulatory Approval
28th Jan 20228:34 amRNSForm 8.5 (EPT/NON-RI)
27th Jan 20222:51 pmRNSForm 8.3 - Arena Events Group PLC
27th Jan 202212:55 pmBUSForm 8.3 - ARENA EVENTS GROUP PLC
27th Jan 20228:17 amRNSForm 8.5 (EPT/NON-RI)
26th Jan 202211:43 amPRNForm 8.3 - Arena Events Group plc
25th Jan 20223:11 pmRNSForm 8.3 - ARENA EVENTS GROUP PLC
25th Jan 20222:57 pmRNSForm 8.3 - Arena Events Group PLC
25th Jan 20228:55 amRNSForm 8.5 (EPT/NON-RI)
21st Jan 20221:31 pmBUSForm 8.3 - Arena Events Group PLC
21st Jan 202212:20 pmRNSForm 8.3 - Arena Events Group plc
21st Jan 20227:00 amRNSForm 8.3 - Arena Events Group PLC
20th Jan 20223:26 pmRNSForm 8.3 - Arena Events Group PLC
20th Jan 20223:09 pmRNSForm 8.3 - ARENA EVENTS GROUP PLC
20th Jan 20222:56 pmRNSForm 8.3 - Arena Events Group PLC
19th Jan 20222:43 pmPRNForm 8.3 - Arena Events Group plc
19th Jan 20222:33 pmBUSFORM 8.3 - ARENA EVENTS GROUP PLC
19th Jan 20228:42 amRNSForm 8.5 (EPT/NON-RI)
18th Jan 20222:43 pmRNSForm 8.3 - Arena Events Group PLC
18th Jan 202210:36 amRNSForm 8.5 (EPT/NON-RI)
12th Jan 20222:54 pmRNSForm 8.3 - Arena Events Group PLC
11th Jan 20222:56 pmRNSForm 8.3 - Arena Events Group PLC
10th Jan 20223:00 pmRNSForm 8.3 - Arena Events Group PLC
10th Jan 202211:54 amBUSForm 8.3 - Arena Events Group PLC
10th Jan 20229:14 amPRNForm 8.3 - Arena Events Group plc
7th Jan 20223:45 pmPRNForm 8.3 - Arena Events Group plc
7th Jan 20222:10 pmRNSForm 8.3 - Arena Events Group PLC
5th Jan 20225:09 pmPRNForm 8.3 - Arena Events Group plc
17th Dec 20212:31 pmRNSForm 8.3 - Arena Events Group PLC
17th Dec 20219:15 amPRNForm 8.3 - Arena Events Group Plc

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