According to the annual European Hotel Transactions report published this week by HVS, the total of European hotel transactions has reached the highest ever annual level last year, with €27.1bn-worth of deals “being struck”.
The largest capital amount was into the UK, reaching almost £4.4bn in investments, followed by Germany, which transacted 21% of all hotel rooms and 18% of all hotels. The UK was second, with 20% of all hotel rooms and 22% of hotels.
Asian investment into Europe was 84% up on 2018, led by a weak euro and sterling. 844 hotels changed hands, 318 hotels as single assets and 526 as part of portfolio deals, while top markets for transactions were London (£1.8bn) and Amsterdam (€1.1bn, or £956m).