[arista]

[Nightcap Ltd
Buyer confirms takeover of Brighton i360]


To open again in 30 or more days.


[Hospitality group Nightcap Limited,
which runs 46 venues in England and Wales,
has taken on the remaining 115-year lease
of the i360 for an as-yet undisclosed fee.

Sarah Willingham, founder and CEO of Nightcap,
said: "We couldn't be happier to welcome
the i360 to the Nightcap family."

The i360 went into administration
in November. Brighton & Hove City Council
then announced in January it would be writing off
the attraction's £51m debt.

Brighton-based Nightcap said clearing the
debt and any "historic liabilities" would
give the i360 a "fresh start" after significant
investment from the new owners.
"We pass the i360 every day and were
as disappointed as everyone else when
it went into administration and no buyer was found,
" said Ms Willingham,
a former star of TV show Dragons' Den.

"The impact of its closure would have
been catastrophic to our local businesses
and a blemish on this important part of the Brighton seafront.

"We hope we will get the support of our
tight-knit local community as we embark
on this new chapter for the i360."

Councillor Jacob Taylor, deputy leader
of the city council, said the sale was
the "best option" for Brighton.]


https://www.bbc.co.uk/news/articles/c3w83e8q54wo