MODEST START TO THE YEAR ON THE HOTEL MARKET
In the first three months of 2022, the German hotel investment market remains under the influence of the Corona pandemic and its accompanying restrictions, which is still being reflected in the investment volume. However, in some regions substantial recoveries have been recorded compared with the previous year. At around €440 million, investment volume was 36% below the 10-year average and almost 16% lower than in the previous year's quarter. Nevertheless, this is due to the fact that no portfolio deals have been registered yet. A different situation is seen on the single investments segment, where the previous year's result was exceeded by 37%. The number of transactions also increased from 19 last year to 26 this quarter, which overall indicates a gradually increasing momentum in the market.