Scope for hotel business rates savings

Posted by Paul Giness on 16th July, 2010. Property Costs.

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The valuation of hotels and pubs are based on turnover valuations so as a guide, the larger the turnover the larger the rating assessment. If operators are struggling to make significant profits it is possible through a close analysis of profit & loss accounts to generate significant savings, for example, the property team have recently saved a hotel client £650,000 over 10 years.

It is possible to do an initial “desktop review” and if there is a real opportunity, the appeal process can be launched at that stage. Generally, 2008/2009 & 2010 profit and loss accounts are required for the hotel in order to do an assessment. The perfect opportunity in this sector would be a hotel that has a high turnover but not necessarily having a high profit.

I have worked in the area of business rates reductions since 1992 and have therefore developed significant experience in this sector. My previous experience was with the leading rating practice in the country and this gave me the best grounding possible. I have since also diversified into areas of Corporate property advice including helping companies with relocations and acquisitions of new accommodation.
My goals are to enhance our relationships with key and new Clients and to offer a range of services, helping companies decide on their future property needs, costs and allowing their businesses to grow with the right properties.