MARKET REGAINS MOMENTUM AT THE END OF THE YEAR
The weak year-end rally also left clear traces on the hotel investment market. At just under €1.9 billion, the full-year investment volume remains at a very low level. The previous year's figure was missed by about a quarter and the 10-year average by almost 45%. The main driver of this development is the persistently low volume of portfolio transactions at €231 million. As a result, this value is 77% below the long-term average. However, on the positive side, this volume was registered entirely in the last quarter of the year. This resulted in the second best quarterly result since the beginning of the pandemic. A gradual recovery of the market can thus be observed, which is also already noticeable as several transactions are in the pipeline.