News & Stories

The German hotel investment market closed 2023 with a mere 1.5 billion euros. International property brokers issue their future forecasts at the start of the year: Hope dies last.

Last week, French property company Covivio and AccorInvest, originally the real estate arm of Accor, announced they have entered into exclusive negotiations to reorganize a jointly owned portfolio of hotels – without requiring new financing. The advantage: "78% of AccorInvest's portfolio will come from fully owned establishments," said Gilles Clavié, CEO of AccorInvest, comparing to 70'% today. 

Interest rates are the main topic of any hospitality investment discussion. Nevertheless, hotel groups see opportunities - by paying more attention to their loyalty programmes and HR.  

A measly 541 million euros after three quarters: The German hotel investment market is not gaining momentum, especially portfolio deals remain scarce.

Mandatory ESG criteria are set to shape hotel finance in the future. However: No one knows exactly which sustainability standards have to be met, nor which certificates make sense. Calls for clarification from the EU are increasing. An Expo Real discussion at the hotel conference hit the nail on the head. 

Investor TPG is close to completing the sale of its German hostel business A&O. 

Numa Group has secured USD 59 million in growth capital under lead investor Verlinvest to expand with its digital hospitality platform.

The German Federal Constitutional Court must now listen to the Cologne-based Dorint Hotel Group: It has achieved a partial legal victory at the Federal Court of Justice in the fight for compensation not fully paid out as a result of the pandemic.

A new billion-euro fund: Spanish Azora property investment group plans  to raise €1bn in equity capital, to which the same amount in debt will  be added.

The Uniform System of Accounts for the Lodging Industry (USALI), is  undergoing changes in response to new business practices and  technological developments, including notably the tracking of  ESG-related criteria.