News & Stories
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.
Berlin. The German hotel investment market is in a state of shock. The current mixture of inflation, bad economic news and further potential key interest rate hikes are causing both sellers and buyers to be cautious. What could untie this knot? Here are the figures for the first quarter and the assessments of GBI Group, Union Investment and Arbireo Capital.
Cannes. The MIPIM visitors were definitely not in a celebratory mood. After multiple crises and war, now collapsing banks. But stormy times often bring new wind into well-worn structures. A look at France and the wide world of real estate investments. The hospitality sector could be seen in a positive light.
Pisa. After a buoyant first half of 2022, the Italian hospitality market slowed down significantly in the third and especially in the fourth quarter of the year, mainly due to price uncertainties. Many are waiting for better weather. Ray Lo Faso is not. The General Director of the Italian real estate company Bulgarella Group owns a hotel portfolio valued 350 million euros – and is committed to more in the hospitality segment.
Portsmouth. The total global construction pipeline stands at 14,267 projects, a 4% increase year-over-year, with about 2.3 million rooms. Only three of the seven world regions continue to have pipelines trending upward.
Geneva. Le Richemond, one of Geneva's historic 5-star hotels, has been sold for an undisclosed sum to the luxury conglomerate Dubai Holding, which owns Jumeirah. The landmark Hotel has seen various changes in operation throughout its history.
Vienna. In Austria, too, the Ukraine war and its consequences led to significantly fewer hotel transactions than predicted at the end of 2021. At over 400 million euros, the hotel investment volume nevertheless closed better than in the pandemic. The city hotel industry caught up, as did the number of foreign investors.
Madrid. In 2022, a total of 3.3 billion euros were invested in the Spanish hotel market – a figure which has only exceeded in 2017 and 2018 – with three quarters if this coming from abroad. The vacation sector has once again regained its leading position. And luxury remains popular.
Hamburg. Existing properties that change their use or restructure at least 30% of the building now fall into a new asset class of their own: Transformation Real Estate. In view of the new climate targets, they have the greatest chance of survival. If they are part of a mixed-use complex, that is. According to one study, this is the model investors trust most. Hotel experts should take note.