According to CBRE data, total investment during the 12 months to the middle of this year across European real estate sectors rose 4% over the same period in 2017 to €21bn (£18bn), with a 5.8% increase in volume.

Investment in UK hotels totalled £7.3bn, up over 95% year-on-year, including the recent sale for £742m of one portfolio of mainly Holiday Inn hotels.

Germany was Europe’s second largest hotel investment market, up 5.8% by volume, at €1.9bn (£1.6bn).

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