News & Stories
Large warehouses are becoming slowly extinct and retail as well as office spaces are vacant. The unused properties are being transformed into hotels, amongst others. Such conversions can be successful, but they have their pitfalls as it became obvious at a panel discussion at the Expo Real hotel conference.
The rigidity is loosening slowly: hotel transactions in Germany are picking up. This has also been confirmed by market analyses of major brokers one day after Expo Real Munich. The details.
Green, the colour of hope and sustainability, certainly stood out from the usual business grey of Expo Real visitors. Good conversations, many visitors and a lively atmosphere created an absolutely positive mood in the hotel industry, very different from 2023. It was the hour of the professionals and the subtleties.
Platform-based business models are conquering the property sector. A platform for asset managers, investors and asset management companies has been launched that aims to bring together the best partners for asset management in the future.
The AccorInvest deal, which was announced back in June, now allows B&B Hotels to take over 30 ibis Budget Hotels in Germany. A total of four parties were involved.
Heavy rain, hail, flooding and heat increase the risks and costs for property. An analysis of German cities shows this. Only a few companies are taking this seriously.
Between interest rate cuts, major events and ESG - the 2024 half-time for the European hotel market shows a rollercoaster of emotions. Overall, it has gained significant momentum. The DACH region is still lagging behind in the race to catch up, while Southern Europe and the UK are the winners.
The transaction volume for the commercial investment market in Germany is only increasing slightly despite the first cut in the base rate. Office properties are particularly complicated. Hotels are becoming more attractive. Market figures for the first half of 2024.
The global property markets closed 2023 with a total volume of USD 594 billion, the lowest level of direct investment for more than a decade.
While Germany sinks into depression, optimism prevailed again at the MIPIM real estate trade fair in Cannes last week (12-15 March) - also with regard to Germany as an investment location. Sun, sea, eye-to-eye contact and a glass of rosé once showed their strong pull for participants, but the beach party image is gone. The interest in hospitality remains: New products must be innovative.