2 Cover image: Lorem Ipsum In this issue 6-7 Should I stay or should I go? Phil Smith guides you through the process of renewing a commercial lease. 8-11 Thriving in uncertainty Director and Head of Hotels, Paul Hardwick, analyses the latest UK hotel data. 12-13 Hotel Case Studies 14-15 Make hay whilst the sun shines Rosie Hallam looks at strong Net Initial Yields in these uncertain times. 16-17 Investment Case Studies 18-19 A taste of success Richard Thomas explores some of the thriving businesses in a turbulent restaurant market. 20-21 Restaurant Case Studies 22-23 Pub Sales – A multi layered market Director of Agency, Simon Hall, looks at pub transaction volume across the North. 24-25 Pub Case Studies 26-29 Live & let live Kevin Conibear takes a look at the evolution of the music industry across the UK. 30-31 Leisure Case Studies