UK Chartered Surveyors and Property Consultants, Graham + Sibbald, have announced the promotion of Martin Davis to Partner level within their Hotel + Leisure department.
Having joined Graham + Sibbald from Lambert Smith Hampton in late 2021, Martin has played a vital role in the expansion and delivery of hotel and licenced leisure services across Manchester and England as a whole, with great success to date.
The Hotel + Leisure sector has seen varied recovery since the first Covid-19 lockdown but the Graham + Sibbald team continue to work closely with their clients to help them navigate the future, with quality advice and constructive solutions being paramount at a time when the lending environment is expected to further tighten and businesses may well be facing falling demand, lower profitability and greater debt servicing burdens.
With a dedicated team of experienced professionals, Graham + Sibbald are well placed to provide owners and operators with guidance to help them navigate the future, providing helpful and constructive solutions.
Martin Davis commented, “We are increasingly seeing the need for operational reviews and analysis of costs to ensure that businesses make the right decisions, with a view to securing a solid financial position to weather the challenges and reduce the risk of failure.”
“Hotel performance throughout 2022 remained buoyant, although there have inevitably been trend fluctuations across various UK locations from London to Inverness and it is clear from recent data that deal volumes are still lagging behind pre-pandemic levels and the five year average.”
It is worth noting that the hospitality industry has been relatively quick to respond to necessary changes in respect of hotel guests themselves who are becoming increasingly aware of environmental issues, with policies and practices being put in place in order to recycle, prevent waste, reduce energy use and lower carbon footprints.
Overall, this not only influences a potential hotel guests booking decision, but may in turn have a wider impact upon the ability to secure funding and ultimately the marketability of an asset.
