The volume of investment into London hotels could reach record levels in the first quarter of 2020, with approximately £1.5 billion (€1.8 billion/$2.0 billion) expected to transact in the capital, reported Savills.
Rob Stapleton, director, Savills Hotels team, said, “Investor confidence in the U.K. hotel market remains high, and whilst political uncertainty in 2019 had an impact on overall deal volumes, yields remained low, highlighting that, for the right assets, the United Kingdom continues to be a key focus for emerging hotel brands and international capital. We have already noted a marked increase in investor enquiries since the General Election result and anticipate this to translate into increased investment activity across the U.K. hotel market in 2020, with several notable transactions expected to transact in the first half of the year."
Savills has recorded that U.K. hotel transactions reached £4.64 billion (€5.5 billion/$6.1 billion) in 2019, down 42
