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European Hotel Transactions Report Says Market to Strengthen in H2 2021 14 April 2021
Total European hotel transaction volume fell by 69% in the year of the pandemic following a record high the previous year when €27.1bn-worth of hotel deals were struck.
According to the annual
HVS and its brokerage and investment services division
HVS Hodges Ward Elliott, hotel transaction volume reached €8.5bn last year with single asset transactions accounting for 65% totalling €5.5bn, and portfolio deals representing 35% at €3bn.
Before the pandemic 2020 was set for record transaction levels. The year started strongly with transactions in January and February up 2.5% on 2019 with volumes of €2.7bn and a 1.8% rise in average sale prices per room to €170,000. Subsequent lockdowns across Europe coupled with limited availability of debt financing pushed transaction levels down -66% with only one type of buyer, high net worth individuals, investing in larger volumes of ho
2 hours ago
Total European hotel transaction volume fell by 69 per cent in the year of the pandemic following a record high the previous year when €27 billion-worth of hotel deals were struck.
According to the annual European Hotel Transactions 2020, published this week by HVS and its brokerage and investment services division HVS Hodges Ward Elliott, hotel transaction volume reached €8.5 billion last year.
Single-asset transactions accounted for 65 per cent of all deals, totalling €5.5 billion, while portfolio deals represented 35 per cent at €3 billion.
Before the pandemic, 2020 was set for record transaction levels.
The year started strongly with transactions in January and February up 2.5 per cent on 2019 with volumes of €2.7 billion and a 1.8 per cent rise in the average sale prices per room to €170,000.
Slow start for hotel transactions but market set to strengthen as year progresses
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