Hotel transactions reach post downturn peak as Middle Eastern investors step up interest
London – March 3rd, 2014 – European hotel transaction volume in 2013 reached a new peak since the onset of the global financial crisis, signalling a comeback of the hotel real estate market. HVS reports that total transaction volume across Europe reached €7.7 billion in 2013, a 39% increase on the €5.6 billion recorded in 2012. The first quarter of 2013 accounted for more than half of the year’s total transaction volume, totalling €4.2 billion.