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Seventy Ninth Group launches £500m bond for holiday parks
Reading Time: < 1 minuteUK: Asset management firm Seventy Ninth Group has launched a £500 million real estate bond in order to fund to acquisition and development of leisure and holiday parks across the UK.
Definitely Maybe an Oasis hospitality boom in 2025
Reading Time: 5 minutesUK: English rock band Oasis has announced that it is reuniting for its first UK shows in 16 years in the summer of 2025.
STR associations meet Treasury over FHL tax regime changes
Reading Time: 3 minutesUK: Short-term rental industry associations and lobbyists have convened with HM Treasury officials in London to address the proposed changes to the Furnished Holiday Lettings [FHL] tax regime allowances.
ACSI buys naturist travel organisation Euronature
Reading Time: < 1 minuteUK / Netherlands: Camping specialist ACSI has announced the acquisition of naturist travel organisation Euronature.
Simpson Travel announces new senior appointments
Reading Time: 2 minutesUK: Independent villa and boutique hotel operator, Simpson Travel, has announced two senior appointments – Dan Butler as chief financial officer and Mark Speight as operations director.
Countries issue UK travel warnings as unrest increases
Reading Time: 3 minutesUK: Seven countries have issued warnings over travel to the UK in the wake of ongoing violent anti-immigration protests and riots.
FHL tax regime to be abolished from April 2025
Reading Time: 3 minutesUK: The UK Government will abolish the furnished holiday lettings [FHL] tax regime from April next year, removing the tax advantages that landlords who offer short-term holiday lets have over those who provide standard residential properties.
AltoVita targets Middle East expansion with key appointment
Reading Time: < 1 minuteMiddle East: Corporate accommodation platform AltoVita has appointed Nada Zrikem as director of client partnerships for the Middle East.
Classic Cottages acquires Norfolk Holiday Homes
Reading Time: < 1 minuteUK: Cornwall-based Classic Cottages, which describes itself as the UK’s largest independent holiday letting specialist, has acquired Norfolk Holiday Homes for an undisclosed sum.
Bob W forms £400m JV with OCIM
Reading Time: 3 minutesUK: A new joint venture between tech-powered hospitality operator Bob W and Osborne+Co Investment Management [OCIM] has launched a £120 million equity raise to acquire and repurpose hotel and office assets into “high-quality” short-term serviced apartments.