The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Hoteliers in the Midlands face huge rate rises

21 February 2005 by

Midland hotels are facing bigger rate rises than the rest of the UK, according to property agents Christie & Co.

An analysis of new rateable values at 40 three- to four-star Midlands hotels found more than half were facing hikes of between 30% and 140%, compared with 2000 levels.

This is way above the 17.4% average rateable value increase for UK commercial property in the 2005 list.

Christie & Co director Andrew McArthur believes the Valuation Office Agency is being bullish with its expectations for the area's performance.

"It may have decided the properties were undervalued in the 2000 list, but I suspect it is being overly optimistic this time," he said.

McArthur urged operators to check their new rating (www.voa.gov.uk). "Get professional advice and an immediate health-check to ascertain if it's worth going to appeal," he added.

by Chris Druce

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking