You have mail – On market delivered directly to your inbox As we enter 2008, it only seems like From January 2008, using the yesterday that we were talking about information you have given us about the new millennium - life really does you and your business, we will now move on at pace! cluster information together under one banner and send you a tailored In 2007 Fleurets unveiled a new image; electronic On market. This new a revitalised working practice and a service will contain information about new ‘Fresh Approach’ to doing a whole host of properties, but most business. We’ve enjoyed the last year importantly, it will have a bias towards and we hope it’s been a prosperous the information you need. one for you. To make this evolution a successful 2008 will see further changes take one, we might need a little help from place here at Fleurets. One such you in the early days. When you change will be the way we deliver receive your first issue, please let us information about properties to you have your feedback via your local and in particular, our On market, Fleurets office - tell us if you need Hotel review and Restaurant review more, or different information and publications. we’ll do our very best to oblige. Each month thousands of copies of So it’s an end to a printed product, each are printed and posted out in the something those close to the hope that you will find their contents of environmental issues we face will interest. Well, we believe it’s time we appreciate and hello to the dawn of a went one better. new service that puts you first. January/February 2008 For details of over 880 properties for sale or to let nationwide visit fleurets.com Close Brothers and Fleurets – The fastest deal in the blending expertise to North West A challenge for you: enhance value Do you know of anyone in the trade that has offered and exchanged on a licensed property within just 3 hours? That’s exactly what happened when Mr Nuziel Awan approached Ian Taylor in our Manchester office about the William IV pub in Preston. After an initial inspection, Mr Awan offered on the property and thanks to quick decision making, an excellent relationship with the buyer and liaison with Admiral Taverns, the wheels were quickly in motion, leading to a lightening fast agreement and exchange. Fleurets has teamed up with Close Brothers Corporate one of Europe’s leading mid-market corporate finance Finance to offer an advisory "one stop shop" for corporate advisory firms, is targeting clients where deal sizes range We understand Mr Awan plans to convert the downstairs into a licensed operation disposals and acquisitions in the leisure sector, initially with between £50m to £500m and those wishing to take and have apartments on the first floor. a focus on the pub market. advantage of the combined, seamless service that is now being offered. Commenting, Ian Taylor said: “This was an amazing deal and is testimony to the The decision for Fleurets and Close Brothers to work appetite that still exists for licensed property and the strength of our relationship together came after Fleurets spotted a gap in the market. In addition Bill Graham, Joint MD of Fleurets, commented: and understanding of our clients needs. Hats off to Admiral Taverns for the way With an increase in the property focused approach to M&A "This is a case of two businesses, with similar cultures, they handled this, it’s far from the ‘standard’ pub deal. Through our seven offices activity in the leisure space, there is a requirement for working together to provide a professional, client orientated we’ve now sold over 50 freehold pubs acting for Admiral Taverns, but few have advice to have both specialist property and specialist solution. Fleurets and Close Brothers have a history of been quite this quick.” corporate finance elements and currently there is no working for the same company, or on the same adviser that can provide both of these. transactions, including: Pubmaster, McMullens, Youngs and Yates. If, however, clients purely require corporate Yaser Martini, executive director at Fleurets explains: finance advice or guidance on a variety of property specific "The industry is constantly evolving and as such, it issues, they can still use us independently, as they have needs an innovative approach. By combining our joint done in the past.” knowledge, resource, expertise and experience, we are able to offer a complete advisory service for our corporate Henry Wells, md of Close Brothers remarks: “A critical clients. We believe that this solution offers a complete factor for the generation of M&A activity is access to the ‘one stop shop’" investor universe and creativeness about new market entrants. This is an area where we believe we will be able Fleurets, one of the UK’s leading specialist property to add significant value. We are very happy to meet service businesses operates from 7 offices across the companies at an early stage, so that we are involved from UK. It exclusively concentrates on the leisure and a strategic point of view, before a sale or acquisition has hospitality industry and Close Bothers Corporate Finance, been planned." Hotels Page 2 Restaurants Page 3 Pubs Page 4 Leisure Page 16 1 A quest for space Paris, is said to be the biggest hostel of its kind in Europe. As the Interpub group continues to The Fleurets hotel team deals grow, with Keith Knowles at the helm, Fleurets is with a wide variety of hotel tasked with finding new sites. The main search businesses, ranging from seaside is concentrated on Central London, with other guesthouses to trophy assets. growth plans rooted in Europe and perhaps further afield in time. However one area that continues to show great For now, the current instruction sees us looking strength is the budget side of the industry. The for a large site in central London, within walking UK budget hotel sector alone is set to more than distance of main transport links, with a minimum double in size in the next 20 years and will of 1,000 sq m (10,000 sq ft), of which 200sq m account for more than a quarter of the overall (2,000 sq ft) should be on the ground floor. hotel market by 2027, according to wide-ranging new research. On market readers will have seen For more information contact our work with easyHotel flourish in the past year, Steve Rodell on 020 7280 4700 both acquiring and selling sites for one of the UK’s or email [email protected] great innovators. One area, away from the mainstream brands, attracting investment is the hostel market. Perhaps as a result of budget air carriers allowing people to move about more freely and cheaply than ever before, providing greater access to more destinations, operators like St. Christopher’s Inns are making the most of this boom. ‘St Christophers’ have sprung-up all over Europe: London, Edinburgh, Amsterdam, Berlin, Bruges, Brighton, Bath and Newquay. Their new site, in fleurets.com for sale or to let nationwide visit over 880 properties For details of Holiday Inn Our offices True value at London 020 7280 4700 [email protected] Hotel review North West 0161 683 5445 ets.com Comprehensive listings of all our Hotels for sale manchester@fleur or to let, available from your local office or North fleurets.com/publications 0113 234 0304 [email protected] Midlands 0121 236 5252 ets.com birmingham@fleur West & Last month the Fleurets Bristol office was called in to value the 103 South Wales Major bedroom, Holiday Inn Salisbury-Stonehenge, Solstice Park, in Amesbury, 0117 923 8090 Wiltshire. ets.com development bristol@fleur op portunity Following the opening of the hotel in June this year, the owners of the South Michele B oden London Holiday Inn franchise, Lilac Limited, asked the Fleurets Bristol office to Hote BRIGG 01273 429500 l, Conf , NORTH L erence a INCOLNSHIR nd Leisu £1,250,000 E near re – Attra s B ets.com Stratfo ctive pub and ant RIGHTON rd Upo rooms restauranot w rth Free complete a valuation of the business, keen to understand what impact n Avon , withgin owen , N ith function/c hold £1 brighton@fleur . arNtorthid grounds. onference ,245,000 Fle ch P ale 13 en-sui urets Lond ren ant for s te letting room on Oefficew F restaur Re patio gard s, Grade II l Freeho N is instruct otel and f: N-712192 en, self cont isted regency ld hotel deve ed to mark tique h 700 South ained flat. townhouse, lopment site et a Bou 20 7280 4 their quality fit out and successful period of driving the business has esta set within a 4 on Office 0 te near jun 00-acre Lond Ref: S-7 ction 12 of th 9237 Warwick e M40 in shire. A forme mo r quarry, the s st recently be ite has meant to the value of the site. come a destin East ati and outdoor r on for fishing ecreation. The to redev client is seek elop the site ing h to comprise a otel and confe 120 bed rence centre w 60 lodges. ith up to 01787 378050 Th Fronting the busy A303, gateway to the South West, Solstice Park has e site is just 3 [email protected] miles north o M40 also f junction 12 close to Sout of the 2007 pro ham and the Winter vides good ac motorway cess to Strat regenerated the area.