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CoStar Column: Repurposing Hotels That Fail This Year as COVID-19 Ravages Industry

As Some Hotel Call it a Night, Savills’ Joshua O’Rourke Explores What Alternative Solutions Can Hotel Owners Utilise at Their Recently Dormant Properties
Joshua O’Rourke, graduate surveyor in the hotels team at Savills
Joshua O’Rourke, graduate surveyor in the hotels team at Savills
By Joshua O'Rourke
August 7, 2020 | 10:38 AM

It has now been a month since hotels began to tentatively re-open their doors during the most challenging economic conditions in a generation, writes Joshua O’Rourke, graduate surveyor in the hotels team at Savills. At this stage, in the first week of August, around half of all UK hotels remain closed. Many operators will be evaluating whether it will be viable to re-open in the coming months and looking for solutions if their hotel businesses are no longer commercially viable.

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