Public drop in events will be held at Dreamland’s Ballroom on July 11 and July 12 to exhibit plans for a 120-bed ‘lifestyle’ hotel at the park and other regeneration proposals.
Margate Estates, which is the name of the parent company for Dreamland, has organised the events to provide residents with an update on its £50 million investment in the park. They will also introduce the new team.
The hotel is planned for the ‘Godden’s Gap’ site on Margate seafront where the amusement arcade stood.
The four-storey Mr G’s arcade burnt to the ground in 2003. Some 120 firefighters tackle the blaze at its height.
The Boutique & Lifestyle Lodging Association (BLLA) defines a lifestyle hotel as: “borrowing the best elements of boutiques – small, intimate and modern – and throwing in advantages only a chain can offer, like loyalty perks, consistency and economies of scale. As a result, lifestyle hotels are generally more affordable and accessible than boutiques,”
Margate Estates is the resulting company after Dreamland investor Arrowgrass Capital Partners bought out the shares of former park operator Sands Heritage Ltd.
Arrowgrass has invested millions in the site, including bringing the company out of administration, relandscaping the park, rebuilding the management team and creating new music and wedding event spaces.
Aidan de Brunner (pictured), of Margate Estates, said: “Dreamland and Margate Estates are part of a town-wide effort to reactivate this unique seaside destination. We want to work together with residents and the wider community to bring more visitors and investment, creating more jobs and opportunities for Margate.
“We are looking forward to discussing our part of this vision, and how we can work together to achieve more for Margate.”
The drop in sessions
Wednesday 11 July from 4pm until 8pm
Thursday 12 July from 4pm until 8pm
The Ballroom, at Dreamland, 49-51 Marine Terrace, Margate
More information about Margate Estates is available at www.margateestates.com