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Weekly Newsletter

Weekly Newsletter

We bring you the latest top news in industry from this week.

Hampshire pub saved from closure named CAMRA pub of the year:

A Hampshire community pub saved from closure has been named pub of the year by the Campaign for Real Ale (CAMRA). The Wonston Arms in the village of Wonston, near Winchester, has won the title only four years after owner and landlord Matt Todd bought the derelict pub. It now offers cask ale as well as a gin bar with 180 varieties. Todd said: “I am overwhelmed our little pub, which had been handed a death sentence four years ago, has been named the best in the country. I have strived to recreate the kind of wet-led pub I went to in the 1970s with my dad when I was a young boy in the north of England.” Ben Wilkinson, CAMRA’s National Pub of the Year co-ordinator, added: “Matt and his team have created a fantastic village pub with a great atmosphere by shaping it around the community and its needs. They have realised it takes something special to create a sense of real belonging so people want to come out of their homes and back in the pub.”

 

UK continues to lead European hotel transaction levels in 2018 as investor interest stays strong:

The UK confirmed its leading role within Europe’s hotel sector, reaching transaction volumes of €6.2bn (£5.3bn) in 2018, up 14% on the previous year’s €5.5bn, according to the annual European Hotel Transactions report by global hotel consultancy HVS. London remains the leading European hotel transaction market with total volume of about €2.1bn, with Dublin second totalling €610m.

 

Star to invest £14.2m in managed operator pubs:

Star Pubs & Bars will invest £14.2m in its Just Add Talent (JAT) managed operator pubs in 2019, it has been announced, increasing the number of venues to 150 by the year end.

More than £12m is to be spent converting pubs to meet the quality and criteria needed for the JAT managed operator-style of business, which includes an average of £30,000 on both kitchen equipment and EPOS systems; £1.2m is also earmarked for upgrades of existing JAT sites and £1m for pub gardens.

The investment is on top of the £3.5m spend on 87 former Falcon pubs in the last quarter of 2018 – including the installation of improved cellar equipment, coffee machines, and energy efficient measure – and all operators and staff at the invested pubs undertook refresher training on retail standards and food.

 

Stamp duty land tax surcharge to help tackle rough sleeping:

For anyone purchasing residential property in England and Northern Ireland, who isn’t a UK resident – the Government is looking to introduce a 1% Stamp Duty Land Tax surcharge.

It is being considered as part of the Government’s effort to help control the rise of house prices. Proceeds of the new surcharge would be put towards measures to tackle rough sleeping, which the Government is committed to ending by 2027.

 

Articles taken from Propel News, Pub & Bar Magazine and NAEA Propertymark websites.

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