David Hossack, head of the UK Hotels Valuation team at Colliers, explains why the role of a hotels valuer requires not only expertise as a chartered surveyor, but also the skills of a detective, an accountant and even a social worker.
Around GBP2.6 billion was invested into UK commercial property in May, a slight decrease on the previous month, but more than twice the corresponding 2020 figure of GBP1.2 billion, according to Colliers.
UK hoteliers will get a once in a lifetime opportunity this summer as lockdown-weary Britons unable to holiday abroad instead treat themselves with luxury staycations that could help bring a £22 billion boost to domestic tourism.
Leading London property investment company, LabTech, advised by Colliers and CBRE, has announced the signing of 10 F&B brands covering over 5,000 sq ft at Hawley Wharf Camden
The clock is ticking down to another disaster for the hospitality industry – I’m not talking about another wave of COVID-19, but the end of the rent moratorium.
It is no secret that London’s vacancy rates have risen throughout the pandemic, and levels in the West End are now at 6.9 per cent compared to 4 per cent in Q1 2020.
The end of lockdown is expected to see the start of increased activity in the hotels sector, as owners and prospective buyers decide to make a move after months of sitting on their hands.
Dumbleton Hall, a country house hotel in the Cotswolds Area of Outstanding Natural Beauty, has been sold to a US-based buyer in a deal brokered by global real estate advisor Colliers
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