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. […]
Specialist short-term lender, Hope Capital has completed a £1.1m commercial loan on a magnificent former pub complex located on the outskirts of Lancaster. The dwelling, which has acquired planning permission, will be transformed into eight self-contained apartments. Once revamped and completed, this is set to be highly sought-after accommodation in the local area. Hope Capital […]
Buxton-based specialist independent brokerage the Montane Group has announced the launch of its new division Montane Hotel & Leisure, signalling the firm’s growth and commitment to supporting acquisitive and ambitious operators in the UK hospitality sector. Headed up by Chris Jones, Montane Hotel & Leisure is a professional and service driven business that provides a […]
With hotels and B&Bs being one of the hardest hit business sectors over the last few years, financier 365 Business Finance reveals how such SMEs in the UK are now bouncing back – with the right flexible funding behind them ahead of the busy spring and summer seasons. According to the London-based lender, specialising in […]
