News & Stories
The (EU) standards and definitions for sustainable hotel properties and their financing are made in London. Ufi Ibrahim founded the Energy & Environment Alliance (EEA) in October 2020 in London, which is a pool of dedicated hotel investors, operators, banks and lawyers today. They all want to collaborate, they want to protect their assets from stranding.
Germany is no digital country and will not manage to change this in the near future. After just under half of its term in office, the current government has completed only 38 of 334 digital policy projects. And now the government is also cutting the digital budget for the administration for 2024 - to a meagre 3.3 million euros. The real estate sector, however, is pursuing its digital path.
Project developers are in crisis mode. Insolvencies are setting in, all asset classes are suffering. Everything is failing due to financing. New buildings will probably not be built again until 2025. Right now, everything is confusing, the uncertainty is huge. Hotels are also suffering, but (still) less. Hotel experts, B&B, Radisson and Dorint Hotels report.
Financing bottlenecks, difficult pricing, continuing volatility: The transaction volume on the German hotel real estate market is stuck in the crisis despite good operating sales. Slight movement can be seen in the holiday hotel industry. The brokerage and consulting companies draw a sobering balance for the first half of 2023, but do not give up.
The journey into 2023 will continue in difficult waters. Predications that the downward trend could reverse from the middle of the year have since been dismissed by real estate experts. Interest rate hikes and persistent inflation are also a stranglehold for hotels, though as an asset class there are opportunities. We take a look at the state of things before the summer break.
The current uncertainty in the market environment is making investors more cautious. However, according to a recent survey, they expect returns to remain robust, as not only financing costs but also rents are likely to rise. In these hesitant times, ESG becomes the decisive investment criterion...
The market volume of investment-relevant hotels in Germany has reached pre-crisis levels. This is primarily due to the considerable turnover increases of the operators, the so-called performance effect. Resort hotels are increasingly becoming investment-relevant. However, transactions are still a long time coming.
The slump in investment in Austria’s tourism industry is massive. Figures from the Austrian Tourism Bank (ÖHT) for the first quarter of 2023 make this very clear. This fact is also confirmed by practitioners and is not only the result of rising interest rates .It is now mandatory to answer sustainability questions when applying for funding.
Berlin. Project developments 2023: There is little to nothing happening on the market at the moment. Investors do not want to make any wrong decisions and prefer to wait; financiers are also being cautious. This is increasingly putting project developers in a tight spot. Of course, the hotel industry is also affected. The multiple crisis is now also visible in figures.
Berlin. The real estate industry is under pressure - and is now putting on the pressure. This was felt by the squad of high-profile politicians represented at the "Tag der Immobilienwirtschaft 2023" of the Zentraler Immobilien Ausschuss in Berlin. The tenor of the industry: The promises must now be followed by deeds.