Hotels - Financing

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Recent Articles

  •  
    28/10/2021
    England and Wales

    Oi! Watch where you are pointing that camera!

    A particularly extreme example of improper and misleading use of domestic CCTV provides a reminder that video and audio recordings of individuals qualify as personal data under the UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018 (DPA 2018) and attract the appropriate safeguards whether for domestic or commercial use. HHJ Melissa Clarke found in Fairhurst v Woodard that four cameras placed around the defendant’s home location, covering (amongst other areas) a shared drive and shared car park, went beyond the scope of the specified purpose of providing security...
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  •  
    06/03/2017
    United Kingdom

    Hotel market responds to traveller demands

    Iconic hotel names are disappearing from Edinburgh’s city centre, making way for more globally recognised brands. Possibly the most notable change occurred in 2011 when the Caledonian Hotel was renamed officially as the Waldorf Astoria Edinburgh. More recent examples of traditional hotel names in the capital to be dropped include the George Hotel, which was rebranded as The Principal Edinburgh last November. The new brand name is owned by US investment firm Starwood Capital – and has already also been applied at hotels in Manchester, York and London, with Edinburgh’s Roxburghe...
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  •  
    24/06/2016
    United Kingdom

    Brexit Next: Legal Implications

    The British people have voted to leave the European Union.No European Union Member State has left the EU so the process of withdrawal is untested. Effecting a successful “Brexit” will involve disentangling the UK from complex politico-legal, financial and other relationships and obligations.Prior to the referendum the UK government stated: “a vote to leave the EU would be the start, not the end, of a process.” Our withdrawal from the EU requires the UK to secure a long list of international agreements and arrangements in many different areas. It is important to note that...
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  •  
    08/04/2016
    United Kingdom

    The City of London’s tallest building gets the go ahead

    In a rare decision, the City of London has resolved to use its powers under s237 of the Town and Country Planning Act to allow the development of 22 Bishopsgate. Development on the site has been non-existent ever since the Pinnacle scheme was abandoned in 2012. Planning permission for a new 62 story tower was granted in November 2015. However, the tower’s future was in doubt due to the number of rights to light claims from adjoining owners. The planning committee’s report suggests that there were 61 outstanding rights of light claims from adjoining property owner to be settled and...
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  •  
    07/03/2016
    Middle East

    Investing in Iran: Opportunities for Hotel Operators and Investors

    Iran, the second-largest nation in the Middle East, has been one of the most talked about in recent years, most notably surrounding the Joint Comprehensive Plan of Action (“JCPOA”) which was agreed in July 2015. This agreement paved the way for the lifting of the majority of EU sanctions measures applied in respect of Iran in acknowledgement of Iran implementing limitations on its nuclear programme. The easing of the sanctions is expected to open up what is arguably the sole remaining major hotels market largely untouched by international brands. Tourism currently only accounts for...
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  •  
    02/03/2016
    United Kingdom

    Where to from here: what to do when an interim payment schedule runs out

    A recent TCC decision has considered a contractor’s entitlement to interim payments where dates in an agreed payment schedule had been exhausted prior to practical completion. Such situations are reasonably common in practice with parties often agreeing to extend payment cycles until practical completion. The present decision finds that there is no automatic right to extend a payment schedule in this way and no entitlement to additional interim payments arose beyond the last date in the payment schedule in this case. Grove Developments Ltd v Balfour Beatty Regional Construction Limited Grove...
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