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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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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Planning for a successful hotel project

25 January 2018

A batch of High Court cases from 2017 reminds us of the challenges that arise when building hotels.  Last year we saw cases concerning a new luxury hotel near Heathrow Airport,[1] works to the Albert Embankment Crowne Plaza[2] and a new hotel at Lifeboat Quay in Poole[3]. It is not unusual for hotel projects to […]

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Carillion creditors: urgent steps to protect your position

18 January 2018

On 15 January 2018 Carillion PLC and a number of its subsidiary companies (Carillion) went into liquidation, with the High Court appointing the Official Receiver as liquidator and six partners of PWC as special managers. Those clients who have contracts with Carillion or who are owed money may find the following guidance useful: Check carefully […]

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Khanna to develop 145 bedroom hotel in Manchester

10 November 2017

Fladgate LLP has acted for Khanna Enterprises (Manchester) Limited on the acquisition of Invicta House, Atkinson Street, Manchester.  The purchase was conditional on securing planning permission for change of use from an office to a hotel and the subsequent development of a new build, 145 bedroom hotel.  Real estate partner James Fry led the Fladgate […]

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FEMSA sells €2.5bn sale of shares in Heineken

2 November 2017

Fladgate LLP has advised FEMSA (Fomento Económico Mexicano, S.A.B. de C.V.) in connection with its on-market sale of approximately €2.5bn worth of shares in Heineken NV and Heineken Holding N.V., representing 5.24% of FEMSA’s combined interest in the Heineken Group.  Following completion of the equity offering FEMSA retains a combined interest in the Heineken Group […]

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Annual Hotel Finance, Investment and Development briefing

30 October 2017

Fladgate is delighted to have two partners, Barry Hembling, construction partner, and Eddie Powell, commercial and IT partner, speaking at the annual Hotel Finance, Investment and Development briefing in London on Thursday 30 November. Their session ‘Key Legal Issues that MUST be Considered when Developing and Operating New Hotels’ will focus on legal and contractual issues. […]

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