HA Perspective 2020

    Travelodge truce agreed

    Landlords of Travelodge hotels around the UK voted to agree to the company’s CVA proposals, after a series of concessions were made by the company. A further challenge period of 28 days must now expire, for the agreement to become finally binding on the parties. But for now, it seems that the giveaways were sufficient [...]

    Roompot moves up a gear

    Dutch holiday park business Roompot has changed hands in a EUR1bn deal, with buyer KKR taking up the reins. The investment promises to help Roompot, which has 33 parks across the Netherlands, Germany and Belgium, grow further, with more consolidation in the sector. Since 2016, in the hands of another private equity investor, PAI, the [...]

    Confidence vote in Med resorts

    Investors Henderson Park and Hines have bought a five-hotel portfolio of Greek holiday hotels, in an early move showing confidence in the expected recovery of the Mediterranean leisure market. The pair have taken on five hotels on one of the country’s largest islands, Crete with a total of 1,094 rooms. Two are in the coastal [...]

    Ascott leads apartment momentum

    The Ascott, Singaporean group Capitaland’s lodging business, has enjoyed a record start to 2020, signing 25 new properties in the first five months of the year. The growing momentum, set against the international upset of the coronavirus pandemic, represents a 139% year on year increase in units secured. Half of the new contracts are in [...]

    Pandemic accelerates change

    With markets reeling from the impact of the coronavirus, there are some clear threads emerging – and plenty of changes accelerating. Delegates at the Real Estate Tomorrow heard how practical changes are taking place, while blue sky thinking is increasingly being viewed more pragmatically. One issue is that the old rules are being torn up, [...]

    Investors challenged for returns

    While there is plenty of money ready to plough into real estate, investors are struggling to spot opportunities, as the coronavirus landscape upends previous safe havens, and presents few obvious alternatives. Sessions at Real Estate Tomorrow looked at occupational trends, as well as where opportunities might lie in the medium term. Mark Clacy-Jones, fund strategist-real [...]

    Time to reassess the lease

    With the coronavirus lockdown forcing landlords and occupiers to share the pain of lost revenues, there are increasing calls for changes to the legal relationship between the two. Participants at the Real Estate Tomorrow conference debated the options open to the market, as this reassessment takes place. Frank Croston, partner at Hamilton Hotel Partners, said [...]

    Hope for meetings restart

    Governments around the globe are focused on easing coronavirus restrictions, in a bid to restart the meetings and conventions sector. The MICE business is a vital provider of revenue, not just for hotels and conference centres, but for whole towns and cities. As such, the sector is pressuring official bodies to ease restrictions, as soon [...]

    Deep in debt, hotels face challenges

    Debt providers are set to share the pain of the hotel sector’s hiatus, as it moves to recovery. But despite fundamentally high levels of debt in the space, it appears unlikely there will be a move to foreclose, as in the aftermath of the financial crisis. Inevitably the sector is already seeing casualties, as smaller [...]

    Consumers look to homestays

    Early indications suggest that consumers are favouring homestays over hotels, in the post covid-19 booking marketplace. Data from the US market, pulled together by AllTheRooms Analytics, suggests Airbnb is a major beneficiary from the trend. As of the last week of May, it detected Airbnb 90 day forward bookings having risen 18.3% over a month. [...]