News & Stories
Madrid. Hospitality investment in Spain reached 2.184 million euros in 2016, 16.5% less than in 2015 with 2.614 million euros, the year with the best figures in history.
Vienna. With the freshly established "Hospitality Development AG", Soravia Capital will move deeper into the field of hospitality next year. The capital arm of the Austria Soravia Group plans to intensify investment in classic and lifestyle hotels, though above all in serviced apartments and in other long-stay accommodation options as well as in residential property.
Hamburg/Brussels. The new joint venture between the German budget design group prizeotel in Hamburg and the Rezidor Hotel Group in Brussels bears the first fruits when it comes to development: End of 2019, the first prizeotel will open in Bern, Switzerland.
Munich. Anyone looking to be successful with numerous hotel businesses in Europe and elsewhere is seldom owner and operator in one and the same person. This combination can be just one variety on the path to profitability. Owner operators exist in various combinations: there's complete, majority and minority ownership of the property, and the operator part can be added in some cases before the hotel is open, and in others at a later stage. The benefits and drawbacks of these different combinations was the subject of discussion at the beginning of October at the Expo Real hotel conference on the corresponding panel regarding the pan-European owner operator.
Berlin. Digital technologies are a big challenge for the real estate industry, but also offer great opportunities. A new competition aims to recognize the best startup ideas for the real estate world of tomorrow.
Rome. L'Agenzia del Demanio, the Italian State property office, in cooperation with the Ministry of Defense and other interested local authorities, has just initiated the second wave of renting out state-owned assets located by the sea in scenic national sites.
Warsaw. Poland's hotel market has witnessed continuous growth for several years, with 2015 experiencing an increase of 79% in hotel supply compared to 2006, totaling 2,316 hotels. This attracts international investors.
Rome. L'Agenzia del Demanio, the Italian State property office, has just assigned the first nine lighthouses included in the project called ValorePaeseFari.
Hamburg. The German hotel market is booming. Not only in the country's most desirable cities. An increasing number of investors are now going after B, C and even D locations. Smaller cities offering solid tour-ist activities and/or good infrastructure are becoming increasingly attractive. C locations have increased their transaction volume in the past two years by roughly 150 percent. Today, Alexander Trobitz, Head of Hotel Services of BNP Paribas Real Estate, explains this trend in a guest article.
Frankfurt. Germany remains the most attractive hotel market in Europe, investors said in a survey measuring investors' sentiment. Also, investments in Germany currently increase whereas Europe and UK report declines. And: Concepts of Airbnb & Co may have been overstated.