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ARTICLE · 12 MAY 2021

Hotel Development In The UK And Coronavirus

Withers LLP
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The COVID-19 pandemic has had an impact on all of our lives and many businesses over the past year but the hospitality industry has been hit particularly hard.

United KingdomGovernment, Public Sector
Julie Teal
Julie Teal
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The COVID-19 pandemic has had an impact on all of our lives and many businesses over the past year but the hospitality industry has been hit particularly hard. Withers have been assisting clients throughout the pandemic with advice on a range of issues relating to hotel development, from advising developers on contractor defaults (agreeing settlement terms and renegotiating existing construction contracts where required) to advising lenders on developer defaults and the renegotiation of facility agreements in response to requests for additional funding.

This note shares our thoughts on some of the issues we've encountered so far on current projects and suggests how some of the complications caused by the pandemic may be resolved now and managed or reduced in future projects.

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