CBRE: Hotel Investment Fell by 49% in 2019 Due to Lack of Large Deals

8 January 2020 – Expansión

8 January 2020 – Expansión

According to CBRE, investment in the hotel real estate sector amounted to €2.5 billion in 2019, down by 49% YoY. In total, 126 hotels changed hands last year, containing 15,000 rooms, together with another 3,200 planned rooms.

Most of the transacted properties were individual assets (72%), with just 28% of the hotels forming part of portfolios, down from 65% in 2018. The main reason for the decrease is a reduction in corporate operations in 2019. Blackstone took the market by storm in 2018 when it made a takeover bid for the Socimi Hispania, which was the largest hotel owner in Spain.

By type of asset, more than half of investors (51%) invested in urban assets in 2019, resulting in a decrease in investment in the vacation sector.

Original story: Expansión (by Rocío Ruiz)

Translation/Summary: Carmel Drake

Original Story: Expansión

Translation/Summary: Carmel Drake

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