10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Could the wider expansion of Albert’s Schloss reinvigorate the UK’s struggling nighttime economy?

  • James McAllister
  • 15 July 2024
  • 3 minute read
Total
0
Shares
0
0
0

This article was written by Restaurant Online Magazine. Click here to read the original article

You just have to take a look at Mission Mars’ recent accounts to see the scale of Albert’s Schloss’s success. In its latest financial results​​ covering the 2023 financial year, the multi-concept group reported revenue growth of 51%, rising to £71.1m from £47.1m the year before. Of this, £32.3m was contributed by its Albert’s Schloss brand (FY22 £21.6m), which at the time would have encompassed just three sites. In contrast, the group’s other core brand, Rudy’s Pizza, provided £29.3m (FY22 £16.1m) off an estate of what would have been around 20 sites at the time.

Both brands were around 15% ahead of their comparable market segments in the Peach Coffer Tracker for the period, according to the accounts. Group adjusted EBITDA (adjusted for one off site opening costs and exceptional costs) for the period was £8.7m (FY22 £5.2m).

Schloss’s success contrasts significantly with the struggles being faced by some of the big hitters in the nighttime economy. Back in May, beleaguered nightclub operator Rekom UK split from its Scandinavian owner​​, the Danish Rekom Group, came under the control of its main lender ACG, and rebranded as NEOS Hospitality. It followed a pre-pack administration​​ that saw the group, which is one of the UK’s largest nightclub operators, close 17 sites across its estate.

Trending
Nexgen Hotels Acquires The Cole Hotel in Palm Springs, California

Another example, Revolution Bars Group, begun its year by shuttering eight of its bars​​, which it attributed to challenging macroeconomic trading environment impacting the sector, compounded by the planned increase in the national living wage in April. Since then, the group has been forced to implement a restructuring plan​​ that will see it offload up to 18 more sites alongside raising up to £12.5m in equity. Without the additional funding and the cost savings delivered through the restructuring plan, the group said it would face liquidity pressures from the first quarter of next year.

Things don’t look much better for the segment’s independent operators. Last month, the Night Time Industries Association, a leading advocacy group dedicated to promoting and enhancing the nighttime economy, warned that many in the industry ‘are barely hanging on’.

So, what is it about Albert’s Schloss that works so well? The Alpine cook haus and Bavarian bier palace brand can be fairly described as a big city concept. Its sites hold between 300 and 500 covers each and operate not only as bars and restaurants, but also as entertainment venues with a daily roster of cabaret performers including singers, drag acts and DJs.

Albert’s Schloss launched in Manchester in 2015 and became a smash hit for its Munich beer hall approach, which led to subsequent openings in Birmingham and Liverpool. And now it’s come to London​​, taking over the former Rainforest Café site in the Trocadero on Shaftesbury Avenue.

Taking on the capital is a risky move for any brand, but one that’ll pay huge dividends if it succeeds. General manager Roísín Finnerty, who has been with the business for six years, is certainly optimistic. Speaking to The Standard​​​, she said: “When you come in, the difference to some places might be stark. It’s just so nice. As the night goes on, the music goes up, and you sort of lose yourself to it. It becomes a party. What Schloss does happens in constituent parts of London, but you can’t get everything under one roof. So if there’s a gap to fill there, we’re plugging it.”

Alberts-Schloss-London-Interiors-09

Further expansion by Schloss has already been mooted, with Mission Mars currently negotiating on a number of potential new locations. The question is, given that it’s now got a foothold in the London market, where could it go next? Edinburgh is a reasonable guess, so too is Newcastle.

As the UK’s nighttime economy continues to struggle, could Albert’s Schloss offer an opportunity to reinvigorate the market in cities across the UK? One wonders whether a site in one of the smaller southern cities, say Portsmouth or Brighton – both of which boast an expansive nighttime economy – could even work. What’s definite is that there’s still plenty to come from the Bavarian bier palace brand. The party is just getting started. 

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Miscellaneous

New on the Menu: Caviar funnel cake and a smoking White Negroni

  • Bret Thorn
  • 3 October 2025
View Post
  • Miscellaneous

How chef Marjorie Meek-Bradley created the straightforward yet delicious menu at The View

  • Gloria Dawson
  • 3 October 2025
View Post
  • Miscellaneous

Hyatt Collaborates with HYROX as the Official Regional Hotel Partner in Asia Pacific

  • Automatic
  • 3 October 2025
View Post
  • Miscellaneous

I may die of boredom if I see another macaron or fruit "VIP amenity" in a five-star hotel. It’s always the same: a long plate, a black slate, a dome, some unnaturally glossy discs, and a note so… | Paul Russell | 41 comments

  • Paul Russell
  • 3 October 2025
View Post
  • Miscellaneous

Turning Short Term Rental Properties into Event Spaces was what I started doing in 2005. Giving global brands a space to host meetings showcase product and host events and cocktails during the large… | Chris MAUGHAN

  • Chris MAUGHAN
  • 3 October 2025
View Post
  • Miscellaneous

Harkins Theatres opens The Backlot as a dinner and movie eatertainment concept

  • Ron Ruggless
  • 2 October 2025
View Post
  • Miscellaneous

Overtourism is fake news. Here’s why (3/5). 💥 The third myth around overtourism: it suggests that tourism is the major force of change in a destination. In reality, it often confuses correlation… | Jeroen Bryon, Ph.D | 15 comments

  • Jeroen Bryon Ph.D
  • 2 October 2025
View Post
  • Miscellaneous

Overtourism is fake news. Here’s why (2/5). 💥 In my last post, I argued that overtourism is a myth – fake news that needs to be debunked. Today, let’s tackle the second myth: the idea that at some… | Jeroen Bryon, Ph.D

  • Jeroen Bryon Ph.D
  • 2 October 2025
Sponsored Posts
  • Winning the World Cup of Demand: A Revenue Management Playbook for Major Events – LodgIQ

    View Post
  • The Practical Guide to Hotel Automation

    View Post
  • 2025 SOCIETIES Quaterly 3

    View Post
Latest Posts
  • STR Weekly Insights: 21-27 September 2025
    • 6 October 2025
  • Leonardo Hotels driving forward growth in Europe in robust fashion
    • 6 October 2025
  • City and Hilton Officials Commemorate Milestone as Signia by Hilton Indianapolis Tops Off at 38 Stories
    • 6 October 2025
  • The guest has arrived. The card hasn’t.
    • 6 October 2025
  • Philippines in focus: Future Hospitality Summit spotlights dynamic Asian tourism and hospitality market with dedicated Country Pavilion
    • 6 October 2025
Sponsors
  • Winning the World Cup of Demand: A Revenue Management Playbook for Major Events – LodgIQ
  • The Practical Guide to Hotel Automation
  • 2025 SOCIETIES Quaterly 3
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.