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As households adapt their spending habits to cope with busy lives, changing tastes and recreational behaviour, the leisure and hospitality sector is continually evolving to compete for the leisure pound. As an asset-rich sector, property is playing an important role in enabling the industry to innovate and invest.
One example is Hilton Hotels. It sold and managed-back 16 of its hotels to MHUT and Royal Bank of Scotland for £400m, releasing capital for reinvestment. Greene King securitised over 1,700 of its pubs as part of a financial restructuring exercise, whilst Whitbread procured a revaluation of the entirety of its £3.6bn pub restaurant and hotel portfolio as it continues to reappraise it’s own financial and operational structure. Gerald Eve has been at the forefront of each of these valuations, acting for the operator, purchaser or lender.
Our team of 27 leisure specialists is one of the largest in the property sector. It is unique in having very senior hands-on involvement, including former directors of Whitbread and Greenalls. Day in and day out we provide a range of professional and agency advice for more than 150 leisure companies, including hotels, pubs, restaurants, gaming, entertainment and health and fitness operators ranging from Admiral Taverns to X-Leisure.
Our professional experience extends to corporate property management, rent reviews, property taxation, planning, development, valuation and research advice. This arms us with unrivalled market intelligence and understanding of the operational factors – both on the income and cost side – which are critical in identifying cost savings or opportunities for creating value. Clients who are often in direct competition regularly entrust us with highly confidential trading information; their confidence in us has always been and will continue to be 100% secure.
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