24 • SPOTLIGHT • AUTUMN/WINTER 2016


Spotlight


Te Hotels Market


Peter Brunt highlights why this market is performing well, despite the somewhat volatile property landscape over the last three months


A


ugust is normally a very quiet month in the world of hotel and country pubs agency. Our clients are generally frantically busy dealing


with the summer rush, particularly in those areas that are tourism dominant. Buyers, and for us this very often means individuals and families, are concentrating on their own summer holidays and viewing numbers typically reduce. 2016 has been quite the opposite. In fact, since the result of the Brexit vote, viewing


numbers have taken a significant leap, leading to a considerable number of very active negotiations, agreement in principle and a strong pipeline of sales looking forward. It seems to me that the reason for this is twofold.


Te Bristol office covers the ‘prime to rest’ regions of the South West, Cotswolds and West Wales, and our operator clients are consistently reporting that revenue is rising. Tere are more foreign tourists taking advantage of the relative weakness of the pound and more UK tourists choosing to stay in their own country. As a result, buyers have identified this trend and want


to get in before revenues (therefore prices) rise. Hotels and pubs are a very good property investment and, considering the returns on those shares, where better to put your money?


Over the course of the summer we have agreed the


sale of 14 businesses across the region, greater than the usual number. Te market looks set to remain busy for the


rest of 2016 and 2017 with a very positive between enough potential sellers to satisfy an increase in demand from buyers


PETER BRUNT DIRECTOR | HOTELS AGENCY DIRECT: +44 117 917 2062 PETER.BRUNT@COLLIERS.COM


Colliers International


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