The European hotel sector [electronic resource]
The European hotel sector [electronic resource]
- London Eurohypo AG 2007
- Real Estate Agenda January 2007 .
Summary -- Strong investment activity, involving the property side -- A large-scale restructuring in Europe will benefit property investors -- Realistic timing and pricing
Reports on the European hotel sector which showed strong investment activity in 2006. Corporate initiatives from sector leaders have resulted in restructuring, including its real estate. Concludes that consolidation of the hotel industry on a large scale is still to come in Europe and that this will involve property investors. Forecasts that hotel chains will sell property to finance highly capital intensive growth. Independents will restructure and probably join chains. US history shows that property oriented investors can play a major role in the restructuring of the sector. Concludes that despite strong investment activity and rising prices, valuations are still realistic. Hotel property still stands at the upper part of the yield scale and this leaves room for further compression.
Europe
333.33 $2 18
Summary -- Strong investment activity, involving the property side -- A large-scale restructuring in Europe will benefit property investors -- Realistic timing and pricing
Reports on the European hotel sector which showed strong investment activity in 2006. Corporate initiatives from sector leaders have resulted in restructuring, including its real estate. Concludes that consolidation of the hotel industry on a large scale is still to come in Europe and that this will involve property investors. Forecasts that hotel chains will sell property to finance highly capital intensive growth. Independents will restructure and probably join chains. US history shows that property oriented investors can play a major role in the restructuring of the sector. Concludes that despite strong investment activity and rising prices, valuations are still realistic. Hotel property still stands at the upper part of the yield scale and this leaves room for further compression.
Europe
333.33 $2 18