What do trade fairs, exhibitions, conferences, conventions, business travel, package holidays and city breaks have in common? Apart from the inevitable tedium of getting to the particular business or tourist destination and notwithstanding the growing prevalence and irritation factor of AirBnB, somewhere for the people participating in those events to stay; a hotel and a bed for the night. It can be a top-end venue, a budget chain or more likely something between the two, but somewhere to put your head down. With amenities as required. You know the kind of thing.

Hotels are an increasingly popular destination, too, for institutional investors, attracted by the continuing growth in the market, the constrained supply and only low rise in the universe of available investment properties as owner-managers review their strategy, the stable income from the mix of business and leisure activity, and the long leases to creditworthy tenants. It helps that hotels are generally located in