I read the Sally Shalam article at the weekend on this place and I have seen the plans they have for it. It's a beautiful Georgian town house in the city centre and set for a contemporary make over by a great interior designer - but prices seem reasonable at £99.
The place is set to open in February but from what I have seen, it's definitely worth a visit - will give you the low down after i have stayed there!
South Parade - 200 yards from Bath Spa train station.
www.thehalcyon.com/
Is this your business?