Nightcap buys Brighton's i360 Tower
Nightcap has bought the i360 Tower from Brighton & Hove City Council.
One of the UK's fastest growing nightlife operators has acquired the i360 Tower in Brighton.
Nightcap Limited, which owns and operates brands such as The Cocktail Club, Dirty Martini and The Piano Works, has bought the site from Brighton & Hove City Council, taking over the remaining 115-year lease.
The i360 Tower has more than 20,000 sq ft of hospitality trading space, including multiple bars, events spaces, cafes and entertainment areas.
In addition, it has 75m of beach frontage, a beach bar, terrace, rooftop and beach operating space. The acquisition has been completed free of debt and any historic liabilities. The purchase expands the Nightcap portfolio to 46 venues.
"We pass the i360 every day and were as disappointed as everyone else when it went into administration and no buyer was found," says Brighton local Sarah Willingham, founder and CEO of Nightcap. "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.
"We are delighted to start the new year by adding such a fantastic venue to the Nightcap group. As we continue to grow, our priority remains creating memorable venues where people want to come together, have fun, laugh, celebrate and make lasting memories."
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