Regulatory and Legal Affairs

🏠 Firethorn acquires 5 Lloyd’s Avenue in London from Swiss Life Asset Managers UK. ???? Located off Fenchurch Street, the building will be converted into a hotel with an extra floor. ????️ Planning submission is due by summer 2026. Firethorn partners with SW3 Capital, following their Dublin hostel project at Sackville Place, featuring 138 rooms for 716 guests. ???? This acquisition aims to fill the gap for affordable, quality city-center accommodation.

📰 LEGO and Nike have created a modular playground at Baoshan No. 2 Central Primary School in Shanghai. The U.S. government shutdown has entered its 10th day, causing flight delays and closing the National Gallery in Washington, DC. Pierpaolo Piccioli debuted his new collection for Balenciaga at Paris Fashion Week. Studio Paolo Ferrari, from Toronto, was named Boutique Design's 2025 Designer of the Year, with awards on November 10th in New York.

🏨 The Cally Palace Hotel and Golf Course, located near Gatehouse of Fleet, Scotland, is on the market for £3.25 million. Built in 1763 and converted in 1934, this 56-bedroom hotel sits on 150 acres and includes an 18-hole golf course. In 2024, it earned over £2 million, surpassing pre-pandemic revenue. The property also generates £40,000 annually through a biomass contract. With its rich history and prime location, it offers strong growth prospects.

🏨 Executives at The Lodging Conference in Phoenix, including David Pepper from Choice Hotels, discussed the hospitality industry facing challenges due to policy changes and tariffs. In August, Highside Companies secured $500 million from Apollo for Everhome Suites expansion. Interest rates have seen one cut with two more expected. Wyndham introduced Dazzler Select, and Hilton launched Outset Collection. IHG acquired Ruby Hotels and opened it for U.S. franchising. Operating costs remain a concern, but opportunities exist amid muted supply growth.

# ???? UKHospitality Welcomes Reform UKHospitality supports the shadow chancellor's plan to abolish business rates, announced during the Conservative Party Conference. Mel Stride highlighted the loss of 89,000 hospitality jobs, urging for reduced business rates. Kate Nicholls from UKHospitality emphasized the sector's unfair tax burden, noting 84,000 job losses due to recent cost hikes. She advocates for discounts on properties under £500,000 and reforms in the upcoming November Budget to aid high streets and drive growth.

📅 The Scottish Tourism Alliance (STA) launched the Holyrood 2026 Manifesto, urging political parties to support the £17bn tourism sector. By 2030, Scotland aims to be a leading visitor destination. The strategy acknowledges a 1.4 million drop in domestic trips in 2024 and calls for enhanced transport and digital infrastructure. Each £1 in VisitScotland marketing returns £18 to the economy. The manifesto seeks a cabinet minister for tourism, sustainable aviation growth, and support for industry innovation and job growth.

📱 Marriott's breach cost $52m after exposing 283 million records. Omni Hotels (2024) faced a cyberattack, while MGM Resorts lost over $100m due to a social engineering hack. Caesars paid a $15m ransom to protect loyalty data. Otelier leaked 437,000 records of major chains. Common breaches include malware, DoS attacks, and phishing. Hotels must focus on cybersecurity and guest data encryption to prevent these costly incidents.

💸 APAC countries face high tariffs from the US, with significant impacts beyond the US-China tariff war. The tariffs are among the highest for exporters to the US.

💸 APAC countries are experiencing significant tariffs on exports to the US, with a focus often on the US-China tariff war. Other Asian nations are also facing high tariffs.