(Source: London Evening Standard)
General meaning ⇒ poor accommodation
"he" ⇒ here, simply the letters "he"
"love" ⇒ the tennis score? ⇒ zero points, hence "o"
"money" ⇒ given the source, the British Pound ⇒ £, a stylised L ⇒ "l"
Put it all together ⇒ "he" has "o" and "l"
Answer ⇒ hole