Finance: Not-for-profit hotel expands rooms and services

A charity-owned London hotel and conference centre is expanding its accommodation for the not-for-profit sector.

The MIC hotel and conference centre, a social enterprise owned by the Methodist International Centre, is undergoing a major refurbishment.

The centre's budget hotel subsidises MIC's charitable mission to provide affordable accommodation to students. It has already generated more than £500,000 in profit. Both paying guests and students mix in the same building, but the charity is planning to move the students to a purpose-built block to make way for additional hotel bedrooms. Arthritis Care, Save the Children and the Red Cross are among the charities that have used the facilities.

Andrew Richardson, the chief executive of MIC, said: "Because of our legacy, the centre is largely used by charities, government bodies such as the NHS and other non-profit organisations looking for affordable accommodation.

However, the previous poor facilities left the centre way behind. The challenge was to substantially improve the environment, but with a tightly controlled budget."

The first stage of the refurbishment has seen 28 bedrooms updated and a new bar and restaurant installed.

Richardson added: "By pursuing this approach we have made the centre sustainable."

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