At this challenging time we appreciate that owners and operators need information in order to understand their options. Fleurets remain available by email and telephone, and continue to provide all our usual advisory and transactional services, as we work together to support your business’s needs.
Whilst the biggest immediate challenges are a direct consequence of the Covid-19 virus, the biggest pre-existing hurdle to the hotel sector was, and is, new hotel competition.
We will inevitably see declining performance in some underinvested hotels occupying secondary locations, leading to a rise in the number of potentially unviable sites.
Through our experience and involvement with many properties sold for alternative uses, Fleurets has an extensive database of developers and property speculators that understand and are familiar with the alternative use opportunities that leisure properties present.
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