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The CET article says they were granted a long lease "to facilitate" a 150 bed hotel in July 2018 What ever that means

So they had a 150 year lease that required WASPS to get planning by November 2019 - which they miss Land owner over the road says well I will build a hotel on my land then Oh no you wont say CCC, and give WASPS another 3 months to get their planning and retain the 150 year lease

Wasps are getting ready to submit plans to build a new hotel outside the Ricoh Arena. A new hotel has long been mooted but took a step forward in July 2018 after Coventry City Council’s cabinet granted Wasps Holdings Limited (WHL) a new long lease over Car Park C in order to facilitate a...

I think WASPS have/ had an option on the land that has been extended in to next year to achieve planning I doubt the Council will sell the land but could grant a long lease for a premium / annual rental or both

The Hotel Chain will pay "WASPS" effectively a rent for the site - in the absence of buying the land. No idea what the deal is between CCC and WASPS - but the former wont let this happen for nothing ...............................or will they ?

Totally cynical reply -- I expect CCC will benefit from the development uplift?

Not a totally daft suggestion Hotel operators can get long term funding to put up a building, it is then franchised out If they cannot buy the site - the landowner can grant a long lease with an upfront premium and ongoing rentals. A budget hotel could raise £5k a year per room.

has the link been taken down?

Yes

A recent survey has shown the City Hotels are full 90% of weekends ( not sure of week days )

Because the indemnity extends beyond WASPS but to all their active partners and connected parties So if CCC are in default and can claim against WASPS then the indemnity applies Also if the actions cause WASPS into insolvency or similar then their financial parties are indemnified.

"another failure" ??

Tracey Miller who is partner of Martin Yardley deupty leader of Council who is about to "retire" for a large bounty . Surely no WASPs connections here? Coventry council chief Martin Yardley heads for University of Warwick – amid row and ‘conflict of interest’ claims The people who own the own...

How was the Coventry City £1.3m Ricoh Arena rent bill decided However, it does not explain how a loss making business would make a suitable long term tenant at the rent proposed

If it is a lost tenant then reduces the valuation more!

Ricoh Arena valuation drops by £9m - and this is why

Around 4 years ago a warning was issued about enforcing the salary cap and an unofficial amnesty was declared If you could check the accounts, you would find in the last two years they are whiter than white in the majority of cases. At the same time, HMRC have also been taking a close look at...

Before CCFC agreed to return Waggott asked CCC what was the position with WASPS and ground ownership. CCC said there was no agreement with WASPS How long was it after CCFC came back was it that WASPS had srranged the purchase and £30m+ public funding?

It's because you are good at it o_O I only suggested it to you for a quick look not to prepare a treatise.