With government support instigated by the Covid-19 pandemic coming to an end, there is an inevitability that some hotel owners will sadly not have the liquidity to continue to operate in the medium term. Eager investors are seeing opportunities and are waiting to deploy capital. We examine the main considerations for investors who are looking to purchase distressed hotel assets out of an insolvency process.
On 30 July 2021, the UK Insolvency Service published its latest company insolvency statistics for Q2/2021 which demonstrated that, as a result of the strength of Government support measures, insolvency rates remain significantly below pre-pandemic rates.
With forced closures, London occupancy levels at…
Read the full article at: https://www.jdsupra.com/legalnews/investing-in-distressed-hotel-assets-2765567/