News & Stories
London. Institutional investors continue to be attracted to the pan-European hotel sector, the global real estate investment manager Invesco Real Estate recently found out by its H2 2014 "European Market Outlook Report". This is further strengthened by IRE's strong transactions activity of c. €500m into the sector in 2014 by its hotel team.
Vienna. Austria's hotel investment market concluded the year 2014 with a remarkable result. However, the volume of the previous year was not achieved entirely. Private investors purchased the most.
Munich/Frankfurt. At the moment, Extended Stay products belong among Marco Bari's passions. The official opening of the Element Frankfurt Airport on Tuesday also meant the launch of the first hotel of the Bari Group as a multiple franchise partner. By now, the American who has found a new home in Munich is a firm partner of Starwood Hotels: Each had announced the second joint Element in Amsterdam one week ago. At the same time, however, Marco Bari is also negotiating with another chain – and also this does not only concern an Extended Stay brand.
Bergamo. A country at stake and international investors who are only able to access interesting opportunities with great difficulty - two weak points in Italy's daily business. These factors make their mark as many structural issues currently entangle Italy: the economic difficulties the country has been struggling with for far too many years and the supply stock that was often not in line with current demand. At the same time, trophy assets and "Expo 2015"-related developments are coming up, especially in big cities like Rome, Venice, Florence and Milan.
Munich. "We need deals!" and "I'll not venture a forecast for 2015" … The statements by the hotel professionals moved between these two comments. Core statements regarding the current situation in the hotel real estate world follow here.
Paris. Exciting times for Louvre Hotels: Starwood Capital has now been actively offering to sell the hotel group and alongside this, Louvre's own planned takeover of the German Balladins Hotels has just burst even though the deal had already been announced as concluded. In contrast, other various projects are successfully progressing. Moreover: An operator change is approaching at the InterContinental Berchtesgaden.
Munich. Hotel real estate in Germany has never been so popular. And for this reason, it would be easy to believe that the run on the best locations is placing developers under pressure. Not so: There is still enough potential in the country. And even the operators remain optimistic and are refining their location selection. These were the revelations at the Expo Real hotel conference "Hospitality Industry Dialogue".
Munich. Lindner Investment Management GmbH from Dusseldorf is taking over the Resort Land Fleesensee in Germany as well as two resorts on Tenerife and Ibiza. New concepts should lend a helpful boost to the German mega resort as well as the Iberian resorts.
Munich. The panel at Expo Real's hotel conference "Hospitality Industry Dialogue" on Monday left a somewhat fragmented picture of the prospects for the European hotel market. Talking about Europe's finance and market peculiarities, clearly, the volume of transactions seems set to increase, but the economy remains a challenge with the IMF predicting that the Eurozone will fall into recession for the third time since the financial crisis. Also, the Russian sanctions are taking their toll in terms of reduced tourism in western and central Europe and problems for financing hotel development in Russia.
London. Germany remains everybody's darling, says HVS London in its recent hotel market report to be promoted at Expo Real Munich next week. But is it also "The Investor's Darling?" In another analysis, JLL's International Capital Group talks about the importance of all German investors pumping billions of dollars into international real estate.