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Leonardo Hotel Newcastle brought to market for £31.8m

Hotel Owner

this year, rising to 9.86% in 2028, and 11.05% in 2033. The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.” If sold for £31.8m, the purchaser can expect a running yield of around 8.5%

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Chancellor freezes tax thresholds in Autumn statement

Hotel Owner

To help meet these targets Hunt confirmed that the income tax personal allowance threshold will be frozen until 2028, meaning many people will pay more in tax as wages increase but the current tax bands remain the same. Other measures announced in the budget include: . A £3.3bn increase the NHS budget over the next two years.

Budgeting 105
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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

NREP is committed to becoming entirely carbon neutral by 2028 – encompassing both operational and embodied carbon – and the new internal carbon tax will be a key driver in this ambition. Other firms will need to follow their lead. When the UK recorded a 41-year high rate of 11.1