Bradley Hall saw sales and lettings of hospitality venues increase significantly during the fourth quarter of 2022, despite the economic uncertainty which buffeted the market. In this report, we break down the most significant deals completed during the quarter, as well as taking a look at the kinds of deals and property that piqued the interest of investors most.
“In what has been an incredibly challenging period for the leisure and hospitality sector, we have continued to see investors continue to snap up prime sites despite rising energy costs and the cost of living crisis” – Neil Hart, Group CEO
Licensed & Leisure
The UK licensing and leisure sector saw £4,138,619,814 worth of property deals completed during Q4 of 2022. *National hospitality data as reported by CoStar.
With a recession forecast for the UK in 2023, uncertainty looms for the hotel sector. Despite doubts on the horizon, most in the sector are cautiously optimistic about the next 12 months. Cost-of-living pressures may translate in consumers trading down on their choices and carefully planning their travel expenditure.
Softer demand patterns from a leisure perspective may be expected though a weak currency may also influence travel closer to home for many households, a potential positive outcome for domestic destinations.
Across the UK the hospitality sector appears to have maintained despite the aftermath of the pandemic and the cost of living crisis. The strength of the leisure segment has continued to support the market with the summer months seeing some of the best metrics ever, with trading rebounding across all markets, not just coastal and rural areas.
Despite challenges in the construction industry, hotel development has continued in the past 12 months across the UK, and seems set to continue to do so.
Bradley Hall has acquired 18 hotels for The Inn Collection Group. Below are a few examples.
Midland Hotel, Marine Rd W, Morecambe, LA4 4BU
Wordsworth Hotel, Grasmere, Ambleside LA22 9SW
Ye Olde Bulls Head Inn, Beaumaris
