News & Stories
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.
The last quarter of 2023 resurrected a sluggish Italian real estate hospitality market. From October to December, the overall 2023 investment value was around 58%, letting the total volume rise to 1.6 billion euros, involving about 10,000 rooms, and thus almost reaching the 2022 level.
Austrian operators who wanted to become investors made a huge leap of 41% in 2023. Nevertheless, the situation remains tense for all stakeholders. However, tourism demand is on the road to recovery despite inflation.
More and more owners and experts are concerned that the rising operating and ancillary costs are increasingly pushing up rents and lease payments - both for existing properties as well as for new builds, in the office sector and in the hotel industry. And now there's ESG too. But: Digitalisation offers potential savings on ancillary costs.
The large-scale investor Aroundtown has chosen to sell hotels out of its multi-asset portfolio to raise cash and reduce leverage. Several Center Parcs resorts are up for sale. Nevertheless, the hotel investments have held up better than that of the overall portfolio average.