IT’S hoped that talks between a developer and South Holland District Council could see plans for Long Sutton’s Bull Hotel get back on track.
Jan Von Draczek, of Korvin Developments, is meeting with council officers to discuss financial arrangements for the scheme.
His plans would see the Grade II listed hotel in Market Place restored and 39 apartments built in two phases. In the first phase, 21 apartments would be built.
Mr Von Draczek said: “We are holding talks with the council to re-look at the project in the hope of making it more financially viable.
“The financial appraisal is being considered by the council.”
Mr Von Draczek originally bought the building in 2004. Since then, he has suffered a number of hold ups. He worked through a number of planning issues and ironed out problems over the options agreement for buying the land behind the hotel.
Mr Von Draczek also had to face the effect of the credit crunch with falling property prices and the banking crisis.
He says he has “no intention” of taking any of the plans back to the drawing board, with a “huge amount” of work being done over the past few years.
“I think everyone wants this to happen,” said Mr Von Draczek. “The trouble is it’s a very large, old building and we have no intention of doing this cheaply.
“We want to produce something which is a multi-faceted attraction in terms of hospitality and leisure for Long Sutton.
“We want it to be something which is a benchmark for people to look to. We do not want it to simply be a bed and breakfast.”