In The Lobby | September 2016 | Zeal Projects

IN THE LOBBY ISSUE 4.SEPTEMBER 2016.
IN THIS ISSUE: Staycity, York – opened July
2016
Hampton by Hilton, Glasgow – opened May 2016
Lamington Aparthotel, Southampton
HOGS 2016/2017
The Danubius Hotel, Regents Park, London
Staycity Aparthotel, Hayes – opened March 2016
Rio 2016
Staycity - York
WELCOME.
Welcome to our regular IN THE LOBBY newsletter giving you a snapshot of what we have done, are doing & a few thoughts on the present hospitality market in the UK. We have successfully completed a number of projects recently & some of these are outlined below.
POST REFERENDUM - BE PREPARED TO TREAD WATER!
We were just beginning to see an increase in funds being made available for hospitality related development projects in the UK and then Brexit came along resulting in many investors retreating back into the shells they had recently emerged from. Some developers are saying its like reverting back to 2008/09. So are we back to square one – we would like to think not.
Since the last credit crunch the UK hospitality market has strengthened considerably, albeit at
a slow pace. Over the last few years, several new hotel brands have come into the market, the aparthotel market has emerged as a serious investment option and several operators now have healthy brand development pipelines. Foreign investors have also recently seen the opportunity to invest in existing managed hotel assets and with a weak pound they are probably now looking for more at the moment!
In addition, more student accommodation has been developed and brought on line in the UK for an increasing market and this demand shows no sign of abating.
Post referendum we are experiencing a certain level of uncertainty and as a result it is likely investment & development funding will be restricted to prime opportunities only and a lot of proposed developments will probably have to tread water for a while.
On a more positive note however this temporary lull in new development activity gives owners
& operators the opportunity to invest in their existing assets, assess di erent branding options & if required refurb in order to increase existing market share & remain competitive.
We have recently been approached by several owners & operators looking to extend & refurb existing hotel & aparthotel assets and we are pleased to advise con dentially regarding this in terms of, construction, design & cost.
Our clients include; hoteliers, serviced apartment groups, developers, hotel groups, student accomodation providers and investors and if you would like to discuss a particular project and how we could assist, please don’t hesitate to contact us:
Tim Wheeldon tim@zealprojects.com (+44) 7976 261 797
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Further information on the projects mentioned in this newsletter can be found on our website: www.zealprojects.com