Record-breaking year for European hotel investment

Total hotel real estate investment in Europe climbed to a record-breaking €27.8 billion ($30.1 billion) in 2019, an increase of 13.9 percent year-on-year according to CBRE. Hotel investment accounted for 8.8 percent of all capital deployed in European real estate in 2019.

The United Kingdom remained the largest investment market for hotel investment in Europe, capturing 26.1 percent of capital deployed; however, investment volumes in the United Kingdom were down 7.4 percent on 2018.

Hotel investment in Italy continued to gain momentum, increasing 141 percent year-on-year and maintaining its place as the third-largest European hotel market. Italy had a particularly strong end to the year with 21 deals taking place in the final quarter. Two landmark deals included the acquisition of the Venice Murano luxury hotel scheme by Hong Kong–based Langham Hospitality Group, and the acquisition of the former BNL bank headquarters in Rome by Antirion SGR for €190 million ($2