How Stellar’s hotels are supporting key workers
The impact of COVID-19 on our hotels has been dramatic but we have been proactive in ensuring that contingency plans were in place for all of our hotels before lockdown began in March.
As a result, we, along with our joint venture partners at Interstate Hotels, continue to support the UK and wider community during the coronavirus lockdown by keeping certain hotels in specific locations open to key workers.
This forms part of a number of measures by our hotels to not only reduce costs, but to preserve the health and wellbeing of staff and key workers, by providing them with accommodation as they work tremendously hard on the frontline.
Our hotels still in operation
The following hotels that we own and operate are open exclusively to key workers only: In Scotland, our Holiday Inn Express located in Dundee city centre, is following government guidelines for hotels announced last month and is one of our hotels to remain open during this difficult period.
In England, Staybridge Suites in Birmingham remains open for critical workers in a crucial location in the heart of England. In addition, our Holiday Inn Express in Folkestone is currently operating as one of the highest performing open hotels in the UK also testament to the strength of its location.
For all other guests and functions, hotel operations continue to be suspended with immediate effect. These changes are temporary and normal amenity and service levels will be re-instated as soon as possible and in accordance with legal requirements.
Why do we own and operate hotels?
We acquire the freehold interest in the land and buildings with full title held at the Land Registry.
Our hotels typically benefit from a franchise agreement with a branded hotel chain, for example Holiday Inn, and are run day-to-day by local staff – overseen by an experienced hotel management company.
How to invest
Hotels is one of many of our asset backed business activities and can be accessed through an investment in the following services:
- Stellar Income Inheritance Tax Service
- Stellar Growth Inheritance Tax Service
- Stellar Business Service