With government support instigated by the Covid-19 pandemic coming to an end, there is an inevitability that some hotel owners will sadly not have the liquidity to continue to operate in the medium term. Eager investors are...more
9/28/2021
/ Business Assets ,
Coronavirus/COVID-19 ,
Distressed Assets ,
Financial Distress ,
Franchise Agreements ,
Hotel Management Agreements ,
Hotels ,
Insolvency ,
Investors ,
Target Company ,
UK ,
UK Insolvency Act
In our recent blog, we highlighted the UK government’s announcement on 14 June 2021 in relation to the likely four week delay in triggering stage 4 of the lockdown roadmap. This announcement was not, however, accompanied by a...more
Less than two weeks after the announcement of the extension of the Job Support Scheme (“JSS”) and amidst widespread concern from the hospitality industry that Tier 2 restrictions represent the “worst of all worlds” for the...more
COVID-19 has had a dramatic impact on the hotel sector, causing occupancy rates to plummet around the world. Periods of closure and low occupancy will have a negative effect on the financial performance of affected hotels and...more
Whilst the current Covid-19 pandemic is an extremely challenging time for the hotel industry, it also presents an opportunity for hotel operators to re-connect with their owners, and demonstrate the value that they bring to...more
As we all scramble to adapt to ever changing business conditions brought on by the Covid-19 pandemic, one industry which has been overwhelmingly impacted is the hotel industry. Worldwide, hotels have been forced to close as...more
In the US, the flexible workspace market has been firmly established for years, and profit share leases and management agreements are common. The recent proliferation and popularity of flexible space providers in the UK, led...more