Publications

- June 1, 2015: Vol. 27, Number 6

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Investors check in to the European hotel sector

by Andrea Waitrovich

European hotels are a growing commercial property asset class, driven by a number of factors including great investor appetite for consumer-driven real estate in a time of low inflation and rising consumer spending.

European hotel investment volumes reached €3.74 billion ($4.24 billion) in first quarter 2015, more than double first quarter 2014 volumes of €1.73 billion ($1.96 billion), according to the latest data from CBRE.

The United Kingdom, France and Germany presented strong growth in first quarter 2015, with year-on-year investment volumes increasing by 38 percent, 90 percent and 225 percent, respectively. London, Paris and Berlin were the most active investment markets.

Southern Europe saw a substantial uptick in transaction volume across the region in the first quarter, reaching €878 million ($995 million), a 301 percent increase from first quarter 2014. The increase was largely due to a notable rise in Spanish hotel transactions; Spain has attract

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