The UK’s leading leisure property specialist, Fleurets, reports increasing corporate activity across all sectors of the industry.
Fleuret’s latest quarterly update finds no lessening of appetite among investors, who appear to be unconcerned about the prospect of a change of government in the May general election.
Instead economic factors – including the strength of Sterling against the Euro – have fuelled the appetite of overseas investors for UK leisure property, demonstrated by the sale of the Gore and Pelham hotels to Italian group Starhotels.
Investment activity is also being boosted by the improving trading results of many of the UK’s leading leisure operators.
In Q3 Marston’s reported a 4.1 per cent rise in like-for-like sales in its destination and premium arm. Fullers, Whitbread (owner of Costa and Premier Inn) and Travelodge also enjoyed impressive performances during the quarter.
With a strengthening economy and lenders demonstrating greater fluidity, Fleuret’s is confident that activity in the leisure sector will continue to improve, delivering a ‘vintage performance’ in 2014.
Story: Neil Bird
Photo: Bigstock
No related posts found for this post.
