Council-owned hotel to receive £1m bailoutpublished at 16:19 British Summer Time 6 July 2020
Local Democracy Reporting Service
Tom Davis
A Coventry hotel is to receive a £1m rescue package from the city council to offset coronavirus lockdown pressures.
Council Leader George Duggins said the loan to Coombe Abbey Hotel would “ensure the future” of the council-owned hotel while the hospitality sector struggles with losses from the pandemic.
The move was approved by council chief executive Martin Reeves through emergency powers meaning the decision was not publicly debated by councillors.
It has sparked criticism that the decision was pushed through without scrutiny and has been branded a "taxpayer bailout" by the Conservative opposition group.
The council purchased the hotel for a reported £11m in 2017 and handed it previous help such as a £1.95m loan last year to facilitate a GoApe assault course.