At a Glance Q2 2020

Hotel investment market Germany

Hotel-Investmentmarkt Deutschland


The hotel investment market had a brilliant start to the year, but the consequences of the Corona epidemic are having a greater impact in the second quarter than in any other asset class. While investment turnover in the first quarter was still around €1.1 billion, the second quarter saw a volume of just under €279 million, which represents the worst quarterly result since Q2 2013. However, considering the almost complete collapse of the national and international tourism and business travel market as a result of global measures to contain the corona pandemic, a wait-and-see attitude on the part of hotel investors has been taken into account. Overall, the half-year result of just under €1.4 billion is in line with the average of the last ten years, with an unusually high share of portfolios at around 46%. It should be noted that more than half of this is attributable to hotels which are part of the acquisition of TLG by Aroundtown.

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