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European hotel investment reached €7.4 billion ($7.8 billion) during fourth quarter 2016, representing an increase of 19 percent in transaction volumes compared with fourth quarter 2015, according to CBRE.
Overall, European hotel investment activity in 2016 totaled €20.4 billion ($21.6 billion), with transaction volumes decreasing by 7 percent compared with 2015. However, 2016 was still considerably higher than the long-run average and recorded the second highest annual deal volume for the European hotel sector.
The German hotel investment market proved one of the most attractive investment markets in Europe, achieving an increase of 45 percent year-on-year in fourth quarter 2016 and contributing a record €5.1 billion ($5.4 billion) of completed deals in 2016. By comparison, the U.K. hotel investment market totaled €4.37 billion ($4.62 billion) in 2016, a decline of 53 percent compared with the previous year.
“The last quarter of 2016 saw a surge in d