Serviced Accommodation Tower Hamlets

Serviced accommodation in Tower Hamlets is a fully furnished, self-contained home — an apartment, townhouse or whole house — let by the night, week or month with hotel-style services included in the rate: housekeeping, fresh linen and towels, Wi-Fi, utilities and someone to call if anything goes wrong. It sits between a hotel and a tenancy, which is why contractors, relocating families and corporate teams book it instead of hotel rooms.

Serviced apartments and serviced accommodation describe the same thing in Tower Hamlets; the difference is only the type of building. We run both, and our Tower Hamlets portfolio leans towards whole houses because crews, families and long-stay guests get more space, a proper kitchen and their own laundry for less than the equivalent hotel spend.

Demand for serviced accommodation in Tower Hamlets is not one market — it is four, and they peak at different times. Understanding that mix is the difference between a property that sits at 55% occupancy and one that holds above 80% through the winter.

We build a booking strategy per property: which channels to lead with, what minimum stay to set by season, and when to accept a long corporate booking at a lower nightly rate because it removes a month of risk. That plan is reviewed monthly against real performance, not set once and forgotten.

Onboarding takes about two weeks. We survey the property, agree a furnishing and inventory spec, arrange any missing safety certificates, install smart access, then shoot professional photography and write the listing copy before going live across every channel at once.

From there it is operational. Rates rebuild daily against local demand signals — events, term dates, lead-time and competitor supply. Guests are screened and ID-verified before check-in. Changeovers are booked with hotel-grade linen and a photographed inspection. Maintenance is triaged the same day, with anything above an agreed spend limit referred to you first.

You receive a monthly statement showing gross booking revenue, channel breakdown, occupancy, ADR, cleaning at cost, our 12% and the net figure paid to you. Nothing is bundled into a single unexplained number.

The three models we offer are genuinely different products. Serviced accommodation is the broadest: a furnished property let by the night, week or month with services included, marketed to both corporate and leisure demand. Pure Airbnb management leans heavily on leisure nightly bookings. Guaranteed rent removes variability altogether — we take the property on a fixed 3–5 year contract and pay the same figure every month whether it is booked or empty.

Most Tower Hamlets landlords with one or two well-located properties do best on serviced accommodation, because the corporate and contractor demand smooths out the seasonality that hurts leisure-only lets. Owners with mortgages they need covered to the penny, or who live overseas, usually prefer guaranteed rent even though the ceiling is lower.

We will model all three for your specific address in the free valuation and tell you plainly which one earns more after costs — including when the honest answer is to keep it on a long-let AST.

Headline nightly rates flatter serviced accommodation. The figures worth watching are occupancy, average daily rate and the running costs that sit with the owner: utilities, Wi-Fi, council tax or business rates, consumables, cleaning at cost, and a realistic maintenance and refurbishment allowance.

Serviced accommodation is also treated differently for tax. Where a property meets the furnished holiday-let style conditions in force for the tax year, the treatment of expenses and allowances can differ from a standard rental, and VAT can become relevant once turnover crosses the registration threshold. We are managers, not accountants — we give you clean monthly figures your accountant can work from, and we recommend you take advice before restructuring anything.