At a Glance Q3 2021

Hotel investment market Germany

Hotel-Investmentmarkt Deutschland


At the end of the third quarter, it is evident that the hotel investment market in Germany is still under the influence of the Corona crisis. Overall, the investment volume is around €1.5 billion, which corresponds to a decline of almost 18% compared to the result of the same period last year. It needs to be stressed that the Q1-Q3 2020 volume benefited from a relatively strong portfolio segment, which contributed €670 million or 37% to the overall result. In the current year 2021, only €200 million was generated with portfolio sales, which represents about 13% of the total volume. If, on the other hand, only the single deal segment is considered, there is an increase of almost 13% compared to the same period of the previous year. In total, however, fewer than 60 transactions were counted, which is significantly below the long-term average (approx. 80 deals). Consequently, the transaction volume does not yet reflect the obvious revival of market activity, which is reflected in many ongoing due diligence processes, discussions and conceptual planning in fall 2021. Nevertheless, the sentiment has been brightening noticeably for some months now.

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