Debt

Hedge funds circle PizzaExpress

Hedge funds circle PizzaExpress

By James McAllister

A hedge fund that shared a multibillion-pound bounty after making bets on the collapsed Wall Street investment bank Lehman Brothers is among those reportedly circling debt-laden dining chain PizzaExpress.

The Lowdown on PizzaExpress debt, crunch talks with creditors, and future of its restaurants

The Lowdown: PizzaExpress

By James McAllister

Speculation has been growing around the future of PizzaExpress following recent reports that it is preparing for debt talks with creditors.

Bankers addressed hoteliers at the Henry Stewart ‘Finance for hotel investment and development in the UK and continental Europe’ conference

Bankers tell hoteliers how to get their support

By Melodie Michel

Senior bankers from Lloyds, HSBC and Barclays spoke to hoteliers about the state of bank participation in the sector and the things they look for in loan applications at the Henry Stewart ‘Finance for hotel investment and development in the UK and continental...

Hotel financing is a different between branded and independent operators

Hotel finance: The big divide

By Melodie Michel

It’s official: Money is back on the hotel market. Mergers and acquisitions deals are a weekly occurrence, surveys regularly rank London hotels as some of the most attractive investment opportunities, and real estate agents are celebrating the return of...

Options are not lacking for businesses looking for expansion funds

Restaurant finance: Getting money for expansion

By Melodie Michel

You’ve made it! You raised start-up funding and opened a successful business that is generating profits. Now it’s time to think about expansion – and this time there are plenty of options offered to you.

The increase in sales volume has been driven by more readily available debt financing from both traditional and new sources of debt

Hotel transaction volumes reaching pre-recession levels

By Luke Nicholls

With three-quarters of the year now complete, the European hotel industry is still on track to record the highest level of transactional activity since 2007 – is this a sign that buyer confidence has returned? 

Business Secretary Vince Cable announced details of the new business bank at the Lib Dem conference in Brighton on Sunday

Business bank: is the Government missing the point again?

By Luke Nicholls

The new ‘business bank’, which will be handed £1bn of taxpayers’ money in a bid to kick-start lending to small and medium-sized British firms, is ‘missing the point’ and will have to overcome the same barriers as high street lenders.

specialist lenders for hospitality industry

Hospitality funding: Specialist lenders

By Emma Eversham

With restaurateurs, hoteliers and publicans finding it harder than ever to get funding from the high street banks to grow their businesses, many have been forced to look elsewhere for finance. 

Banks are now much more reluctant to deploy capital in the hospitality industry

Funding hospitality: The banks

By Luke Nicholls

Whether you’re a budding entrepreneur with a bold idea for a new restaurant concept or a successful hotelier with plans to expand an already popular business, there’s one thing you’ll always have in common – a bank account.

Luminar placed into administration

Luminar placed into administration

By Emma Eversham

Bar and nightclub owner Luminar has been placed into administration after its lenders refused to extend a waiver on loan repayments.

Malmaison owner to sell and leaseback four hotels

Malmaison owner to sell and leaseback four hotels

By Emma Eversham

Malmaison owner MWB has exchanged contracts to sell and leaseback four of its hotels which it says will enable it to reduce its debt levels without affecting the future operations of the group.

Pub insolvencies fall by a third

Pub insolvencies fall by a third

By Martyn Leek

The number of pub companies collapsing into insolvency dropped by a third in the second quarter of this year, according to a new study by PricewaterhouseCoopers

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