The purchase of Luton Hoo Hotel, Golf and Spa continues the journey of portfolio diversification, and the hotel is well positioned to capture the significant pent-up demand from leisure and corporate travel from domestic and international markets. NewsAbout UsSubscribeMagazineRecommended Suppliers, Adopting a Blue Zone Lifestyle for the New Year, Bostik and Polytec PT launch new thermal conductive adhesives (TCA) range to accelerate innovation in battery design, Cornish seaside resort launches holiday friendly gift card, Riviera, the new Southern-French dining concept from Emerald Hospitality Group, is officially open in Mayfair, Plymouths hotel market vies for top spot as UK rising star, phs Greenleaf bring train station vending services to life. Since the start of 2015 and including new hotel openings for 2019, London will have witnessed a net increase of some 23,000 new rooms, equivalent of 3.4% annual average growth. From the price-point and strong brand recognition of the budget sector, to the proven resilience of the serviced apartment sector, wide variation exists. Our registered office is at 55 Baker Street, London W1U 8AN where you may look at a list of members names. Yet with continued strong interest by institutional funds in the sector, many of which are restricted from taking on operational risk, the 100% fixed lease model will continue to prevail. Send us a message below and one of us will be in touch. Surinder and his team will make excellent custodians of this truly exceptional asset and will build upon the success achieved by Elite Hotels. Not being a homogeneous sector and diversifying through investment in a varied portfolio is only set to increase in a post pandemic world. Like a global perspective? Your data is collected and used in accordance with our Terms and Conditions and Global Privacy Policy. Londons share of the UK bedroom supply has grown from 21% in 2010 to approximately 24% by the end of 2019. three emerging office hubs in Kowloon that have greater potential, Asia Pacific Property Value Movement Report Autumn 2021. This annual report looks at the growing hotel markets across the Greater China region. The "New Normal" for Commercial Real Estate in Hong Kong May 2021, Despite experiencing four waves of COVID-19 outbreaks and its economic
London and the South-East of England have accounted for 36% of the new hotel bedroom stock in 2019. Our transactional and advisory services, whilst based in Central London, has the support of our extensive regional network of commercial and residential offices. A three-part report series which covers key themes relevant to the UK Hotel Sector and its recovery. Knight Frank LLP is a limited liability partnership registered in England and Wales with registered number OC305934. For the first time in over a decade, the growth in new supply in the four-star sector will outperform the growth of the budget sector. The Budget 2021 Underwhelming for the hotels sector. Retirement sales, hotels sold for alternative use, non-core assets sold to bolster equity and non-alignment of shareholder interests have been the main drivers for the majority of UK hotel transactions. The financial impact of Covid-19 on hotel assets has been severe, with lenders forced to be flexible towards their borrowers, as such they have been acutely focused on supporting their existing clients, resulting in many hotel properties being refinanced or their existing financing being restructured and/or extended. This report looks at the current market landscape of co-working
The month of September yielded stronger results than expected, following substantial pent-up desire for travel. The market leading report provides detailed insight into the operational revenues, costs, profitability and KPIs of the UK hotel sector, during a sustained period of challenging market conditions, with accelerating costs and a reduction in profit margins. The bitter company voluntary arrangement of Travelodge, was undoubtedly the highest profile dispute for the sector of 2020 and whilst Travelodge appears to have retained the vast majority of its landlords, it has paved the way for strategic change in the leased model, with a hybrid lease model being offered by newcomer AGO, offering greater transparency and alignment of goals between the owner and operator. I head up the hotel agency team at Knight Frank which focuses on the disposal and acquisitions of individual businesses, portfolios, investment sales . Knight Frank represented the vendor, sold as a turnkey development to a UK-based investor. Momentum for UK hotel investment in 2023 remains strong, with several hotel deals having completed early in 2023. Knight Frank LLP is a limited liability partnership registered in England and Wales with registered number OC305934. We conduct a series of, The Wealth Report is the ultimate guide to prime property markets, global wealth distribution, the threats and opportunities for wealth, commercial property investment opportunities, philanthropy and, This summary analyses the performance of Hong Kongs industrial property markets, The Flexible Workspace Outlook Report 2023. Despite the short-term, profound volatility in the sector, the long-term fundamentals remain strong. London witnessed a decline of 49%, with the sale of The Ritz contributing 750m to Londons total investment volume of 1.4 billion. Knight Franks Hotel Transaction Trends 2021, outlines in greater detail this recent activity and the likely investment trends for 2021. Active Capital gives a unique insight into the dynamics of the real estate capital markets around the world. Our registered office is at 55 Baker Street, London W1U 8AN where you may look at a . Knight Frank UK Estate Agents; About Us; Gender Pay Gap Report; Based on data provided by Theobald & Gardiner, at the lower range of the scale, the average build cost for a London hotel (excluding FF&E and other standard exclusions), ranges from 67,500 per key for an economy hotel to 300,000 per key for an upper-upscale /5-star hotel. Whilst Londons occupancy has been steadily improving each month, the city cemented its recovery with 17.6% growth in its average daily rate (ADR) performance for the month of September, following strong uplift in international visitors arriving at Heathrow Airport. This marks a new phase of the UK hotel sectors recovery, with clear signs of increased demand for room nights in both London and across regional UK towns and cities. As a global gateway city, London continues to fuel a strong pipeline of hotels, with supply set to rise by 4.2% for the full year 2019 and 4.5% in 2020, based upon analysis published in Knight Franks annual publication The UK Hotel Development Opportunities 2019. Skilfully acquiring and asset managing hotels at a time before a return to pre-COVID valuations, could ultimately offer attractive long-term investment prospects. Positively impacted by the temporary reduced rate of VAT, ADR is broadly at the same level achieved as at September 2019. Associate, Hotels, Leisure & Trading Valuation & Advisory. Knight Frank represented the vendor, sold as a turnkey development to a UK-based investor. If we use the term partner when referring to one of our representatives, that person will either be a member, employee, worker or consultant of Knight Frank LLP and not a partner in a partnership. Knight Frank has published its third Chinese Outbound Real Estate Investment report: Changing Currents, Rising Tides. The Central Government has announced
There was no announcement made to extend the temporary rate of VAT payable of 12.5% beyond the 31st March 2022 and the devil is in the detail, with one-years temporary business rates relief, capped at 110,000 per business rather than per property. UK hotel transactions saw a robust first half of the year, accounting for 68% of total annual investment. London hotels achieved a 91% month-on-month increase in profit per available room, whilst regional UK hotels witnessed the highest levels of revenue and profitability since September 2019. As a company, Elite Hotels remains fully committed to ensuring an even brighter future for Ashdown Park Hotel, Tylney Hall Hotel and The Grand Hotel, Eastbourne. Find out how we use your personal information. Active Capital gives a unique insight into the dynamics of real estate capital markets around the wo. Our people dedicated to meeting and exceeding your property goals. We operate in 487 offices across 53 territories. Philippa Goldstein, senior analyst head of hotel research, reviews UK hotel investment volumes for 2022 and looks ahead to see how 2023 may shape up. The Canongate Hotel, Edinburgh. New Homes for Sale in London; Waterside Properties for Sale; Student Lettings; Tenant fees - Non ASTS; Tenant fees - ASTS; . Hotel fundamentals have continued to improve during the summer months of 2021, with the highest level of profitability achieved for both London and Regional UK since the start of the pandemic. The Wealth Report Greater China Supplement 2021. It covers hotel market performance, development trends and the outlook for the year ahead. Worldwide, we co-ordinate with colleagues in the majority of the capital cities throughout EMEA, Africa, North America, India, South East Asia and Australia. With the 4-star sector accounting for 40% of the new supply since the start of 2018, equivalent of some 4,200 rooms, compared to the budget sector accounting for only 32% of new supply. 25 . Offers in excess of. In our Asia-Pacific Outlook 2023, Knight Frank analyses the current economic and geopolitical situation, considers both challenges and opportunities for both the Residential and Commercial sectors and. It is located within 32 miles of central London, situated minutes away from the M1 motorway. Up-to-the-minute global property market insights. Knight Frank launches the NEXT STOP: North Bund Report which explores future development opportunities and prospects by analysing the existing and future tenant profiles, office rents and prices,, CHINAS VISION FOR XIONGAN NEW AREA April 2017. Knight Frank (Services) Limited EAA (Company) Lic No C-012848 . This supplement highlights the investment and lifestyle decisions taken by UHNWIs in the Greater China region. We provide an overview of performance for both London and Regional UK hotel markets, using the latest HotStats benchmark data, with a spotlight this month on both Londons Luxury Hotels and Regional UKs Upper-Upscale hotel sector. Following a tumultuous year in terms of hotel trading performance, UK hotel investment declined by 70% for the full year 2020, with total transaction volume exceeding just over 1.8 billion recorded, of which 81% of the transaction volume occurred in Q1-2020. At this time one year ago, the coronavirus was just emerging, causing havoc in China, but with very little regard to the potential damage it could cause on a global scale. Global property consultancy Knight Frank has sold Luton Hoo Hotel, Golf & Spa on behalf of Elite Hotels to The Arora Group. We have longstanding relationships with our clients and a strong reputation as trusted consultants in the sector. We wish Surinder Arora and his team every success as they move Luton Hoo Hotel into a new era. Whilst the MICE segment will take longer to recover, the domestic leisure market has proven its strength during 2020 and will continue to lead the recovery. It covers hotel market performance, development trends and the outlook for the year ahead. Knight Frank launches the NEXT STOP: North Bund Report which explores future development opportunities and prospects by analysing the existing and future tenant profiles, office rents and prices,, CHINAS VISION FOR XIONGAN NEW AREA April 2017. The hotels team is well established and we are dedicated to providing valuations, agency and investment advice in the evolving hotel sector. With over 1,000 rooms closing in London for major renovation during 2018, Londons bedroom supply increased at its lowest rate since 2015, at 2.7% per annum, compared to 4.1% growth in 2017. We will miss them greatly within the Elite family but are sure that they will continue to thrive and prosper under the new ownership. Co-working Spaces Report Landlord-operated co-working spaces: an upcoming trend? spaces in Hong Kong , landlords reaction towards the slowdown of
Area (XNA). By the year-end 2019, Londons hotel supply will have increased by over 10,500 rooms since the start of 2018. However, the volatility that arose from the war in Ukraine, global economic uncertainty, and domestic political turmoil which followed, are all factors contributing to the reduced investment levels, with several deals having failed to complete. Elsewhere in London, the London Borough of Tower Hamlets and Hackney have together witnessed over 3,000 new rooms opening since the start of 2015, representing a 36% increase in supply and with a further 3,700 new rooms scheduled to open, this represents 22% of the scheduled London pipeline. Email address Phone number (optional) How can we help you? UK hotel investment declined by 70% for the full year 2020, with total transaction volume exceeding just over 1.8 billion. Ian Elliott MRICS Partner, Head of Hotels T +44 20 7861 1082 ian.elliott@knightfrank.com This sale demonstrates the confidence in the UK hotel market, and we expect this to continue in 2022.. Our agency and valuation team, based in London, cover the full range of hotel properties from branded corporate hotels to privately owned boutique city and regional country house hotels. Since the start of 2018, the area of greatest growth in London has occurred to the West of London, which can be attributed to the expansion of the Heathrow market. We take the processing and privacy of your information very seriously. London accounts for 38% of the UK hotel development pipeline, either under construction or under renovation and due to open by the end of 2019, equating to some 4,000 new rooms. Download the latest Hotel Dashboard for Knight Frank's latest sector outlook. July 2019, We see a great potential in the development of a new Central2, as we expect the sale of the largest commercial site atop the West Kowloon Express Rail Terminal in 2019/20, transforming Tsim Sha Tsui, Chinese Outbound Real Estate Investment October 2018. This report examines and uncovers opportunities in logistics and industrial real estate. The capital markets were strong, with an abundance of debt and equity available, whilst interest rates remained low and hotel values stable. This paper explores the latest trends in the flexible workspace sector. A member of our team will be in touch with you as soon as possible to discuss your enquiry. We annually advise on approximately 20bn of hotel and leisure assets and are market leaders with unique access to established national and international investors. Find out how we use your personal information. From a recovery perspective it gives investors growing confidence that the London market will bounce back strongly. Annual research publication unveiling the latest trends in UK hotel development and identifies the UK cities which offer the best prospects for hotel investment and development, outlined in the Knight Frank UK Hotel Development Index. For more information or to see how Knight Frank can assist contact: https://www.knightfrank.co.uk/commercial/sectors/hotels, Londons resilient trading performance and standing as one of Europes top performing hotel markets has been a key driver for hotel development, UK Hotel Development Opportunities - UK Hotel Development Opportunities 2019. The Chancellors recent budget was underwhelming for the UK hotel sector, failing to provide the level of ongoing support many had hoped for. We are excited to welcome the Luton Hoo Hotel, Golf & Spa team to the Arora Group and are looking forward to the opportunities ahead for our expanded family. Payne Hicks Beach acted for Elite Hotels and CMS acted for The Arora Group. Given a sharp rebound of GDP by 7.9% in Q1 2021, and a, New Frontiers 2021 - E-Commerce Evolutions Impact on Industrial Real Estate. Global Cities Report 2017 - Chinese Version. This annual report looks at the growing hotel markets across the Greater China region. Meanwhile, the City of Westminster and the City of London together represent a second strong hub of new hotel supply, with a net increase of some 4,200 rooms over the next four year, representing a 9% increase in supply. At Knight Frank, we build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property, in all key markets. Explore the latest update from Knight Franks Wealth Sizing Model. Whilst caution remains for hotels that are very much business and conference led, optimism regarding Londons outlook is strengthening, fuelled from both international and domestic visitors. Yet the recovery to date continues to take place in the most challenging operating environments ever endured.