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Hotel Supply - Drive to Alternative Use

12 June 2020Industry updates Topics: Agency, Change of Use, Development & Alternative Use, Hotels & Guest Houses, Investments, Pubs & Bars
Hotel Supply - Drive to Alternative Use

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.

Please click here to view the full article, which we hope you'll find of interest.

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Author

Paul Hardwick

Paul Hardwick

Director & Head of Hotels

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