Graham + Sibbald Chartered Surveyors and Property Consultants have undertaken a significant number of valuations, sales and acquisitions of hotel and leisure properties across the UK throughout 2021, leading to a record number of annual transactions for the team.
Despite the ongoing health crisis, it is clear that there are still keen buyers and investors out there looking to take on hotels, guesthouses, holiday parks, restaurants, pubs and bars, cafes and leisure facilities. It’s no surprise that UK’s tourist hot-spots and hidden gems continue to draw visitors and with an influx of people taking to the staycation market instead of going abroad, there aren’t any signs of this slowing down.
The Graham + Sibbald team have seen a 10 fold increase in the number of Hotel + Leisure transactions since 2019. In 2021, the team achieved a 42% increase in the total year on year sales and a 75% increase in transactional values and rental agreements. Additionally, the volume of Hotel + Leisure valuation instructions has also notably increased. The team are also now excellently placed and structured to continue this success and growth nationally in the year ahead.
Peter Seymour, Hotel + Leisure Director at Graham + Sibbald, commented; “Our team has grown significantly over the last 12 months and everyone has worked extremely hard and played their part in this success. We have more than doubled our previous annual results and we are delighted to see our expanding team of experienced professionals going from strength to strength.”
2021 saw the G+S welcome Kit Abram, Martin Sutherland, Hugh Anderson and Martin Davis to the national team, each bringing their own sector specific knowledge and expertise enabling growth and expansion across the UK. In addition, the team have also welcomed Kevin Hunter into leisure and hotel specialist valuation services. The team work closely together and can provide a bespoke and comprehensive service package to all clients on hotel, leisure and trading assets (from £100k – £20m), across the UK.
“In Scotland, we have seen great success with several market leading and high profile sales from the Western Isles to the North, with our industry specialist Alistair Letham boasting a number of sales throughout the year including The Jura Hotel, Isle of Jura most recently. While in England, our team handled disposals and oversaw transactions from as far South as Somerset, through the Midlands and across the North of England. Our strategic office network allows for the provision of local and specialist market knowledge so you can rest assured that you’re receiving the best advice.”
If you are looking to purchase a business then we can help you find the best options that will meet your strategic needs and budget. If you have a business or part of a business that you are looking to sell, we can help you maximise the value of your business assets and optimise your returns.
With our Valuation, Business Disposals and Commercial Agency teams working in tandem, we are able to provide clear and concise advise on both price and marketing, undertake key negotiations during the process and ensure the highest levels of professional services and communication from instruction through to completion.
Graham + Sibbald has over 230 employees and 23 partners working throughout its 18 UK offices across Scotland and England. To find out more and contact our team, please go to www.g-s.co.uk.
