Zarley Posted July 23, 2023 Share Posted July 23, 2023 Looks like Peter and Sandra are finally packing it in. Marine Hotel up for sale, offers over 1mil. I saw Peter in the Street the other day. He reminds me of Mic Jagger these past few years. Quote Link to comment Share on other sites More sharing options...
Roxanne Posted July 23, 2023 Share Posted July 23, 2023 9 minutes ago, Zarley said: Looks like Peter and Sandra are finally packing it in. Marine Hotel up for sale, offers over 1mil. I saw Peter in the Street the other day. He reminds me of Mic Jagger these past few years. I cannot believe they’re still at it. When they passed it on to the union guy I thought they’d get their well deserved break but no, they ended up having to go back. Its been in the Faragher family for years and I think Peter has such a huge loyalty to that and to the hard work of Sheila before him. I’m glad they’ve made this decision. Loyalty and tradition is one thing. Putting yourself first (finally) is another. I wish them well. Quote Link to comment Share on other sites More sharing options...
WTF Posted July 23, 2023 Share Posted July 23, 2023 4 minutes ago, Roxanne said: I cannot believe they’re still at it. When they passed it on to the union guy I thought they’d get their well deserved break but no, they ended up having to go back. Its been in the Faragher family for years and I think Peter has such a huge loyalty to that and to the hard work of Sheila before him. I’m glad they’ve made this decision. Loyalty and tradition is one thing. Putting yourself first (finally) is another. I wish them well. every time they put somebody in the replacements ran things down and they had to come back and take over again to sort the mess out, you can't get the staff so selling is a good option for them 1 1 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted July 23, 2023 Share Posted July 23, 2023 1 minute ago, WTF said: every time they put somebody in the replacements ran things down and they had to come back and take over again to sort the mess out, you can't get the staff so selling is a good option for them Whoever buys it won’t be able to get staff either though and that’s after spending over £1M on it. 1 Quote Link to comment Share on other sites More sharing options...
Roxanne Posted July 23, 2023 Share Posted July 23, 2023 2 minutes ago, WTF said: every time they put somebody in the replacements ran things down and they had to come back and take over again to sort the mess out, you can't get the staff so selling is a good option for them Agreed. When it’s your ‘baby’ it’s hard to walk away for sure. Quote Link to comment Share on other sites More sharing options...
Alberttwatmunch Posted July 23, 2023 Share Posted July 23, 2023 (edited) 2 hours ago, offshoremanxman said: Whoever buys it won’t be able to get staff either though and that’s after spending over £1M on it. Lends itself to being a proper family business then doesn’t it. I have some close friends who are very interested. You are spending over a million on a property that includes six apartments generating income, and a huge are downstairs that could and should be a goldmine. The outside roof terrace is seriously under utilised at the moment. Edited July 23, 2023 by Alberttwatmunch 1 Quote Link to comment Share on other sites More sharing options...
WTF Posted July 23, 2023 Share Posted July 23, 2023 2 hours ago, offshoremanxman said: Whoever buys it won’t be able to get staff either though and that’s after spending over £1M on it. the point is if you buy it and run it yourself you will actually put the effort in. Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted July 23, 2023 Share Posted July 23, 2023 (edited) 13 minutes ago, WTF said: the point is if you buy it and run it yourself you will actually put the effort in. I fully agree. The price will be the main barrier though as I can’t imagine many people would have the means to pay over a million quid for it and then want to run it themselves 24/7 as that takes a lot of your time and effort and unless you already own some pubs or are a brewer etc if you’ve got a million quid in the bank (or the means to borrow a million quid) there are much easier ways of making money without working to 11:00 every night. Edited July 23, 2023 by offshoremanxman Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 23, 2023 Share Posted July 23, 2023 14 minutes ago, Alberttwatmunch said: outside roof terrace is seriously under utilised at the moment. Yes. I would have been lovely today🌞🌞🌞 Quote Link to comment Share on other sites More sharing options...
Gladys Posted July 23, 2023 Share Posted July 23, 2023 1 minute ago, Happier diner said: Yes. I would have been lovely today🌞🌞🌞 You are lovely most days. 2 Quote Link to comment Share on other sites More sharing options...
WTF Posted July 23, 2023 Share Posted July 23, 2023 14 minutes ago, offshoremanxman said: I fully agree. The price will be the main barrier though as I can’t imagine many people would have the means to pay over a million quid for it and then want to run it themselves 24/7 as that takes a lot of your time and effort and if you’ve got a million quid in the bank there are easier ways of making money. what condition are the flats above in ? Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 23, 2023 Share Posted July 23, 2023 1 minute ago, Gladys said: You are lovely most days. 😚 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted July 23, 2023 Share Posted July 23, 2023 (edited) 10 minutes ago, WTF said: what condition are the flats above in ? I had a client look at this. They’re ok I think they’re on AirBnb if you want pics. They could push the income a lot more though but it depends on whether people want to stay over a busy pub or not. Edited July 23, 2023 by offshoremanxman 1 Quote Link to comment Share on other sites More sharing options...
0bserver Posted July 23, 2023 Share Posted July 23, 2023 3 hours ago, offshoremanxman said: Whoever buys it won’t be able to get staff either though and that’s after spending over £1M on it. I have a feeling it may end up as flats/tourist accommodation. Quote Link to comment Share on other sites More sharing options...
mad_manx Posted July 24, 2023 Share Posted July 24, 2023 Will miss the massive portions at the Marine once its gone ..Probably the largest portion sizes on the island The half portions are often larger than the mains at many of the fancy restaurants.. 3 Quote Link to comment Share on other sites More sharing options...
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