Hospitality sector in the Cotswolds remains resilient, says Colliers

The Cotswolds hospitality industry remains robust – despite a reported slowdown in the region’s housing market, said Peter Brunt from Colliers.

Peter, a director in the hotels team at Colliers International, was responding to a recent report which noted a slowdown in house prices in the area following a slump in property prices in London.

“As long as vendors price sensibly, there continues to be a ready market of buyers looking for new properties in the Cotswolds,” he said.

Colliers International brokered pub and hotels deals in the Cotswolds worth more than £13 million in the first half of this year.

“The hospitality market proved highly resilient through the recession. It is a micro market that has perennial high demand from operators.

“Trading for pubs continues to be strong with the number changing hands in the over £1 million price bracket growing, and some exceptional units breaking the £2 million barrier.”