Daniel Levy has always been one of the smartest owners in English football and Tottenham have continually benefitted from that throughout the years.
On Wednesday, December 13, Spurs announced that they had obtained planning approval for a brand-new 180-room hotel to be built south of the stadium complex.
In order for the club to continue collaborating with Haringey Council on a more comprehensive “masterplan” for the neighborhood, this authorization is subject to referral to the Mayor of London.
With 49 of the 180 rooms in the hotel being residential units, it will have 30 storeys. More information about the hotel’s developments is anticipated soon.
There are very few English football clubs that have hotels located within their stadiums.
According to information provided by HotelFollower, the clubs are Norwich, MK Dons, Bolton, Blackpool, and Coventry. Spurs may be a sixth team, but they would be on the campus rather than in the stadium.
Given that it is Spurs who have received the planning permission, it is safe to assume that they will be raking in the windfall from the hotel, with the council potentially involved too.
That is a League One club, with little success on the pitch so comparing what Tottenham could earn consistently from the 131 rooms in the hotel could be astronomical.
If the average cost of these “Superior” rooms at Tottenham was £378–£498 [£438], selling 131 of them might generate £57,378 in revenue in a single weekend.
The average figure would rise significantly because prices in Tottenham would undoubtedly be higher than in Blackpool, and London would ensure that it did.
Levy is probably rubbing his hands together, but even if it’s difficult to estimate right now, you can bet that they will make millions of dollars over time.
Another League One team, Bolton, charges between £192 and £293 for a two-night stay on a weekend in January [Booking.com]. Should this work out well, the potential is obvious.
The potential is clearly there to see if directly linked to the club, and Tottenham will be in line for a constant line of fresh windfall if they can pull off this new “masterplan.”
