Occupancy rates of London hotels increased again in October, suggesting weak consumer confidence hasn’t yet hit the sector in the UK’s capital, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that occupancy rates in London were up from 73.9% in September to 76.3% in […]
Topland, one of the UK’s largest privately-owned real estate groups, has grown its structured finance loan book having delivered £50m in new funding in September. The alternative lender has deployed five new loans against alternative asset classes, including three in the hospitality sector. Other sectors included education and residential property. The new lending includes a […]
Wylie & Bisset, accountants and business advisers, has advised hospitality sector operators to plan and project to survive or exit a perfect storm of increasing energy bills just as winter approaches, higher supply and staffing costs, and a fall-off in consumer spending, squeezed by inflation. While Prime Minister Liz Truss has announced that businesses will […]
UK hotels enjoyed higher occupancy rates, daily rates and gross operating profits in July, but there are fears this record-breaking summer won’t be enough to insulate the sector from a difficult end to the year, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that […]
UK hoteliers are successfully passing on additional costs to consumers and charging higher room rates to combat inflationary pressures, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that occupancy rates of UK hotels are continuing to increase, at 73.7% in June compared to 68.6% […]
Christie & Co’s Mid-Year Review The review notes that hoteliers have been faced with a challenging trading environment so far in 2022, with headwinds such as inflation, staff shortages and wage increases, supply chain disruptions, spiralling energy costs and the cost-of-living crisis all having intensified significantly over the last six months. Yet the success of […]
Recovering occupancy rates and food and beverage sales are combining to fuel a marked recovery in the London hotels market, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that for the first time since prior to the pandemic, occupancy rates in London are now […]
Recognise Bank has agreed a £550,000 commercial mortgage for a property investment firm to acquire a retail unit in the popular seaside town of Bournemouth, currently being used as a Korean Japanese restaurant. The borrower, Nofesh Ltd, was introduced to Recognise Bank by mortgage broker Asher Goldman, of Goldman Property Finance Ltd., who had dealt with […]
Seven Bro7hers, a fast growing, family-owned brewery based in Salford Manchester, has secured a quarter of million pounds funding line through Cynergy Business Finance. Established in 2014, Seven Bro7hers brew a range of lagers, IPA’s and stouts and have recently launched a vegan range. Alongside brewing beers, the business has seven bars located throughout Manchester […]
Howes Percival has acted for Anglia Restaurants Ltd on the sale of the Wherry hotel and the Castle Carvery chain of restaurants. The Oulton Broad based Wherry Hotel together with the Castle Carvery restaurants at the Racecourse and Clocktower in Norwich, and the Castle Freehouse in Caister-on-sea were sold to the RedCat Pub Company group. […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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