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COM (84) 742 
 
 
 
Vol. 1984/0 265 
  
 
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Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the open ing to the public of the historical archives of the European Econom ic 
Communit y and the European Atom ic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this file is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 1983 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom  27.9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
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COMMISSION  
OF THE
EUROPEAN COMMUNITIES
General SecretariatCOM(84) 742 final  
Brussels, 19 December 1984
FOR OFFICIAL U S E  ONLY
Communication from the Commission to the Council
Request for assent, pursuant to Article 56 2a) of the ECSC  
Treaty to the granting of a conversion loan to  
Cymric Hotel Partnership, United Kingdom
COM(84) 742 final

»
FOR OFFICIAL USE ONLY
Communication to the Council
Subject :  Request for assent, pursuant to Article 56 (2a) of the ECSC Treaty
to the granting of a conversion loan to Cymric Hotel Parnership,  
United Kingdom.
I. THE COMPANY No. 407
Applicant :  Cymric Hotel Partnership
Registered Office :  Holiday Inn,
Swiss Cottage,
King Henry's Road,
London, NW3 3ST, England.
Parent company of
appiicantï  Cymric Hotel Partnership
Recipient .  Cymric Hotel Partnership  
Partners :
Allied Innkeepers (UK) Limited (40%)
3i Partnership Investments, Limited (30%)
The Prudential Assurance Company Limited (30%)
Field of activity of
recipient■
Hotel operation and management
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-  2 -
II. THE PROJECT
Description :  The project is the construction of a modern "4-star"  
hotel in the new city centre of Cardiff, with  
health club, swimming pool and sauna facilities.
Costmi LLion UK£:  Land )J 6.1:  Buildings 5  
:  Plant and machinery 2.0  
:  Other
:  Total 8.1 (  + 13.8 MioECU)
Schedule :  1983 to mid-1985
Market :  A detailed feasibility study and marketing exercise  
by the company has established that a need exists for  
a hotel facility of this type in the Cardiff city  
centre where no comparable facility now exists. A  
Cardiff City Council Urban Development grant has been  
approved.
Envi ronment :  Environmental protection measures in accordance  
with current Legislation
The sectoral and competition aspects of the project have been closely examined  
they do not militate against the granting of the Loan applied for.
The project appears to be economically sound ; it will make a significant  
contribution to the redevelopment of the region which is suffering the effects  
of a decline in ECSC industries.

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III. THE REGION
Project location :  Hayes Bridge Road, Cardiff, Wales
Unemployment rate :  16.5%
National aid status of  
project area:  Development area - Cardiff  
travel-to-work area
The ECSC industry has been an important source of employment in the area.
IV. CONFORMITY WITH ARTICLE 56 OF THE ECSC TREATY
ECSC redundancies in  
project area:  South Glamorgan
1977-1982 3,354 jobs lost
Jobs to be created by the project :  170 of which 75 are suitable for ex-ECSC  
workers
Training :  The company will provide comprehensive  
training for all new recruits in accordance  
with the requirements of the Hotel and  
Catering Industry Training Board
The Commission considers that the application complies with Article 56 (£a)  
of the ECSC Treaty and that the new jobs to be created by the project are  
capable of absorbing redundant ECSC workers into productive employment.

- 4 -
V. CONVERSION LOAN
Loan applied for !  UK£ 4 mi LLion
Loan to be granted :  The Commission has approved a Loan of  
UK£ 4 miLLion (about 6.82 MioECU)
or equivaLent to the above mentioned  
company (1 ).
Interest rebate :  3 percentage points per year for five  
years on 1.5 MioECU,
Job basis of interest rebate :  75 jobs suitable for former ECSC
industry workers, to whom they wiLL be  
offered in priority.
VI, COUNCIL ASSENT
The Commission requests the Council to give its assent to the foregoing  
decision.
(1)In accordance with application criteria (OJ C 191, 16 JuLy 1983).