START OF THE YEAR AT PREVIOUS YEAR’S LEVEL
The hotel investment market was basically able to maintain the level of the successful previous years in the first half of 2019. With an investment turnover of €1.63 billion it achieved a very satisfactory result. Although the previous year's result was undercut by 14% due to the slightly lower number of registered hotel sales, the average transaction volume per sale is even 13% higher at just under €33 million. This is all the more astonishing as, in contrast to the previous year, there is a lack of major transactions such as the sale of the Hilton Hotel in Berlin. At the same time, significantly more deals were recorded in the mid-size segment between €25 and 100 million, indicating that the market is very receptive across the board. With the sale of the future Kimpton Hotel in Frankfurt's "Four" high-rise ensemble and the Tafelhof Palais in Nuremberg, which will house a Motel One and Leonardo Royal Hotel, two projects are among the top 3 deals.
Read the full report by downloading the PDF document.