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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.
Snaptrip Group acquires The Hotel Guru
Reading Time: 2 minutesUK: Snaptrip Group, a collection of accommodation marketplaces [including LateRooms, Snaptrip and Dog Friendly Cottages], has acquired international hotel website The Hotel Guru for a seven-figure sum.
NatWest to introduce ‘Airbnb-friendly’ mortgage terms
Reading Time: 2 minutesUK: UK-based commercial bank NatWest is introducing ‘Airbnb-friendly’ mortgage terms to support borrowers who are struggling to pay loans and bring increased flexibility for customers who are looking to rent out their homes on a short-term basis.
Forge Holiday Group to invest £150m in platform development
Reading Time: 2 minutesUK: Short stay specialist group Forge Holiday Group, the parent brand of Sykes Cottages and Forest Holidays, is set to invest more than £150 million developing its UK portfolio, technology platform, customer experiences and owner services over the next three years.
I-PRAC partners with digital guidebook company Orana Stay
Reading Time: 3 minutesUK / Australia: Global verification and membership platform, I-PRAC, has partnered with digital guidebook solution Orana Stay to maximise benefits for both hosts and guests.
Hopes Labour housing plans will end holiday let ‘blame culture’
Reading Time: 4 minutesUK: Following the results of last week’s UK General Election, new Chancellor Rachel Reeves’ announcement of new measures to accelerate housebuilding in the UK has been welcomed by the holiday let sector, which has been calling for some time for governments to tackle the real factors affecting the housing market.
NUMA Group acquires Native Places
Reading Time: 2 minutesUK: Hospitality platform NUMA Group has acquired the lifestyle aparthotel brand Native Places from Native Holdings for an undisclosed price.