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hospitality Market News: Spanish Real Estate Intelligence

Cbre: real estate investments for 7.39 billion euro (+40%) in the first 9 months of 2019
07 October, Il Sole 24 Ore Cbre reports that investments in real estate in Italy for the three quarters of 2019 amounted to 7.39 billion (+40% from the same period of 2018). Hospitality reported excellent results, with investments for 2.56 billion euro, despite the lack of assets on offer. In Rome, for instance, it’s possible to buy the few available properties only at a very high price. In Venice and Florence, it’s rather challenging to obtain the necessary licenses. Investors have also started looking at minor cities. The office market continues performing well, with Milan leading the sector with 30 operations amounting to 1.5 billion euro in total. Finally, retail has recouped, reporting investments for 1.7 billion euro. The logistics market has also improved, with investments for 463 million euro. Source: Il Sole 24 Ore Translator: Cristina Ambrosi  
 
JLL: now it’s the right time to invest in hotels in Rome
02 October, Il Sole 24 Ore In its latest report about the hospitality and tourism sectors, JLL included Rome among those 50 global cities which currently have a “managing momentum”. Such cities offer particularly convenient investment opportunities. In the last few years, Rome reported a sharp growth in the number of visitors, to the point that the city has to face the risk of overtourism and the challenges of how to manage big crowds in the city centre. Investments in tourism in Italy amounted to 2 billion euro in the first half of 2019, more than a half coming from foreign investors, which mainly focus on Rome. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
 
Coldwell completed the sale of the AMT and AMT Real Estate hotels
27 September, Bebeez Following the sale to a leading investor of the Mercure Excelsior Hotel in Catania for 11 million euro, Coldwell completed the disinvestment of the Amt Real Estate and Acqua Marcia Turismo real estate portfolios, as both companies are under liquidation. The operation concerned hotels of the luxury, superior and business lines, which remained open and operative, for a total of about 83 thousand Sq m and 770 rooms. Source: Bebeez Translator: Cristina Ambrosi