Finance

Finance

Whether you’re a budding entrepreneur with a bold idea for a new restaurant concept or a successful hotelier with plans to expand an already popular business, this section has all the latest news and trends in hospitality finance to help you on your way.

easyHotel opened a third owned venue in Croydon in November

Strong performance for easyHotel

By Melodie Michel

‘Super budget’ brand easyHotel has announced a 34 per cent increase in revenue to £3.5m for the year ended 30 September 2014.

Capital allowances are a form of tax relief available to anyone that incurs capital expenditure when buying, building or refurbishing commercial properties

Ask the Experts

How to make the most of capital allowances

By Mark Tighe

If you are in the hospitality sector and own a commercial property, you could be entitled to significant financial benefits due to a little known area of tax-relief called capital allowances. Mark Tighe, managing director of capital allowances specialists, Catax...

Bankers addressed hoteliers at the Henry Stewart ‘Finance for hotel investment and development in the UK and continental Europe’ conference

Bankers tell hoteliers how to get their support

By Melodie Michel

Senior bankers from Lloyds, HSBC and Barclays spoke to hoteliers about the state of bank participation in the sector and the things they look for in loan applications at the Henry Stewart ‘Finance for hotel investment and development in the UK and continental...

Sun Capital Partners has bought 43 Strada restaurants for £37m

Strada sold to Sun Capital Partners for £37m

By Melodie Michel

Tragus Group has sold 43 Strada restaurants to Sun Capital Partners (SCP) for £37m, claiming to have ‘secured a sustainable future for the business’.

Over 15,000 venues today cut their prices by at least 7.5 per cent

#TaxEqualityDay: Pubs and restaurants unite for VAT cut

By Melodie Michel

Over 15,000 pubs and restaurants across the UK cut their prices by at least 7.5 per cent on 24 September to show the positive impact reducing VAT to 5 per cent would have on the hospitality sector.