A Collapsed Hotel Group's Leftovers Just Became Someone's Turnaround Play. 56 Keys in Cornwall.
BH Group picked up a shuttered Cornish hotel from the wreckage of a pandemic-era collapse and is betting multi-millions on a spa-led restoration in a market running 83% occupancy. The interesting part isn't the renovation... it's what the acquisition math tells you about distressed hospitality assets six years after COVID killed the original owner.