Authors

Richard Bursby

Partner

Read More

Elisabeth Heide

Senior associate

Read More

Jack Wain

Associate

Read More
Authors

Richard Bursby

Partner

Read More

Elisabeth Heide

Senior associate

Read More

Jack Wain

Associate

Read More

28 May 2020

Hospitality in the News - 28 May 2020

  • QUICK READ

TW:thinkingdifferently

Re-purposing Real Estate: the opportunity for Hospitality

It can be difficult at uncertain times like these to look forward when hospitality businesses around the world are either in lockdown, or struggling with the operational challenges of coming out of lockdown and, crucially, being profitable when they do start trading.

Check out our video where we discuss unlocking lockdown in the hospitality sector.

Yet some things are very clear now – hotels have already been turned into rehabilitation and nursing homes for patients discharged from hospitals. Many of us will be going to the office much less than we used to and the challenges retail stores were facing to deal with on-line retailers have only accelerated. So landlords of vacant retail units and unlet offices are going to need to find an alternate use for their buildings.

If you look beyond the current crisis, the underlying demographic and structural trends of hospitality are powerful – it can offer options to convert offices to hotels (or rehab centres), to change retail units selling goods to ones selling an experience or a service, and to move restaurants from sit-down casual dining to health conscious ready-made takeaway. It might not look like it today, but hospitality will be the solution to many landlords.

Did you know?

At 2.5m wide, Eh'häusl Hotel in Amberg, Germany is the world's smallest hotel with just 53 sqm. It was built in 1728 as a way to get around the marriage laws. It used to be necessary to provide proof of land ownership before your marriage could be legally registered. A "resourceful groom" built the hotel in the gap between two buildings and put this in his name so he could get hitched. Legend claims that the house changed owners frequently, allowing many couples to tie the knot. It has been called Eh'häusl, or 'marriage house' ever since.

Articles

French COVID-19 ruling against AXA brings hope to UK hospitality businesses
(Hospitality and Catering News)

More U.S. Consumers Plan to Spend More on Travel Over Next 12 Months Than Before the Pandemic
(Skift)

Customers could spend £3.8bn in hospitality in the first week of re-opening
(Boutique Hotelier)

Campaign to make public spaces available to hospitality launched
(Big Hospitality)

UK Government plans to reform insolvency law to protect debtors in light of COVID-19
(Taylor Wessing)

Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Sprial staircase with ornate railing
Hotels & leisure

Hospitality in the news - 25 June 2020

25 June 2020
QUICK READ

by multiple authors

Click here to find out more
Red armchair
Hotels & leisure

Hospitality in the News - 11 June 2020

11 June 2020

by multiple authors

Click here to find out more
hotel-pool
Coronavirus

Lenders and borrowers need to ramp-up for Hotels 2.0 (Part 2)

11 June 2020
IN-DEPTH ANALYSIS

by Amar Ali and Richard Bursby

Click here to find out more