Monday, April 12, 2010

Everything that’s wrong in this country?

Savoy upgrade £1.6 million per room

50% owned by hbos which is 41% owned by the taxpayer...quite how you can charge £1.6 million per room is beyond me..sounds like a total rip-off....you could build a housing estate for that and why is hbos got anything to do with this?

Posted by taffee @ 09:37 AM (933 views)
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5 thoughts on “Everything that’s wrong in this country?

  • the number cruncher says:

    I have been to a couple of functions at the savoy and loved the old Art-Deco wood panelling and features – it was showing its age but it was beautiful and let me step into the world of Jeeves and Wooster. Then again I’m just a pleb, so what do I know.

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  • Pfft, I’d have done it for half that for ’em.

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  • £500 for a room for the night = £3000 a week = £150,000 a year. Pay back in £10 years. That is assuming there are no running costs. Uh?

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  • @3 cyril – yes but you’re assuming that all and only income is derived from renting rooms. Dinning, functions, etc., would all significantly add to the revenue / profit stream. However, an article a few months ago stated that the cost for the rennovations had doubled, so they’re probably taking a fairly hefty hit.

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  • the point of posting this article was that it shows how banks and funds are ripped off….just like the olympics rip-off

    ‘we had to roll back 121 years of shoddy refurbishment’

    yeah right….worked for 121 years though

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