2018 forecast for the hotel industry

26 February 2018

A number of the agents who are active in the hotel industry have published market reviews of 2017 and indicated their views on the trajectory of the market this year. Some common items emerged: RevPAR growth in 2017 of over 4% was supported by weak sterling which reduced costs for overseas visitors and discouraged foreign […]

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1 April 2018: an important day for more than just April Fools

23 February 2018

April Fool’s Day 2018 will not just see the arrival of exceptionally crazy headlines in the tabloid press, but also the introduction of new rules governing the provision of Energy Performance Certificates (EPCs). EPCs are already a feature of the residential market, and will from 1 April 2018 also begin having a substantial impact upon […]

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KE Hotels acquires Abbey Hotel (Bath) Limited

20 February 2018

Fladgate LLP has advised KE Hotels on the acquisition of the Abbey Hotel, Bath through the purchase of Abbey Hotel (Bath) Limited from The Kaleidoscope Collection. The team also advised on the financing aspects of the transaction which involved a facility for the acquisition of Abbey Hotel (Bath) Limited and one for the refinance of […]

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Sale of Fulham Wine Rooms

16 February 2018

Fladgate’s leisure team has advised on the sale of the Fulham Wine Rooms (by way of premium lease assignment) on behalf of existing client Investhor Limited to The Little Door Fulham Limited.   The venue will now be closed for refurbishment/ conversion works before opening as a new cocktail bar venue. The team was led by […]

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Restrictive covenants; do they mean I can’t redevelop my property?

13 February 2018

Developers often identify land that looks good for development on the face of it, only to discover that there are restrictive covenants preventing the land from being developed or used in the way they would like. This can be incredibly frustrating; especially where the restrictive covenants are historic and the interests they seek to protect […]

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Funding for Dundee hotel development

6 February 2018

Fladgate’s hotel team has advised clients on the provision of funding, by Coutts & Co, for the redevelopment of two sites in Dundee into InterContinental Hotels Group branded hotels. The team advised on the negotiation and agreement of finance documents including the facility agreement and security as well as the associated hotel management and franchise […]

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