If you’ve dreamed of running your own hotel, guest house or B&B, it’s a great time to buy. With more people than ever before looking for accommodation in the UK - from chic urban boutiques to country house hotels – it’s a thriving sector.
Location and budget are likely to be primary considerations. Pick a tourist hot-spot and it may carry a hefty premium but is likely to offer considerably higher returns, too. There are bargains to be had in some areas but if there’s a lot of local competition for guests, there may be a low ceiling on room rates, so it’s important to factor this in. Guest houses and B&Bs are synonymous with seaside holidays but they also do well in locations that attract regular contract workers looking for affordable mid-week accommodation.