Issue 2541 - 30 September, 2020

    Airbnb gets tax bill

    Tax authorities in the UK have agreed an additional GBP1.8m tax bill with accommodation provider Airbnb. The charge follows an investigation into the company by HMRC, reports Reuters. The UK arm of Airbnb had already paid GBP1.1m in corporation tax. HMRC will be taking a closer look in future at tax payments from Airbnb hosts [...]

    Dolphin resumes

    Resort developer Dolphin Capital Investors saw net asset values drop 3.5% in the first half, to EUR174m. The company has resumed construction on its projects after covid-19 delays. Works have resumed at One&Only Kea Island, and commenced at Kilada. Cyprus-based affiliate Aristo has seen sales volumes fall, after international buyers were unable to travel to [...]

    Limestone launches fund

    Investor Limestone Capital has launched a fund to invest in European hospitality real estate. It is looking to raise EUR50m, giving it EUR150m to invest, reports Property Week. The company says it has identified a pipeline of assets, from Rome to Mallorca. Limestone has previously invested in Aethos Hotels and acquired several Portuguese hotels.

    Australia eases event rules

    Authorities in New South Wales, Australia are to allow the resumption of events for up to 300 delegates. The move comes as Sydney’s convention centre hosted its first in-person event since March, a gathering of 125 health professionals. Hotels operating conferences and events will be required to adhere to strict management protocols. Authorities are also [...]