According to ASAP Business Partner JLL, the expectation is for a record year of activity in Germany, with a spate of deals due to close in the coming weeks and months, especially across single assets and alternative real estate, with demand from investors continuing to outstrip supply.

With a lack of good quality hotel product on the market, serviced apartment developments are amongst the ‘alternative’ asset classes driving the transactions .

According to Stefan Giesemann, SVP of JLL Hotels & Hospitality Group, the sector is “experiencing an increase in many of the alternative assets—hostels, serviced apartments—which we would count as hotel transactions… We are seeing new supply, but demand is still outweighing supply in the top six cities.”

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