The European hotel sector [electronic resource]
Language: English Series: Real Estate Agenda ; January 2007Publication details: London Eurohypo AG 2007Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 140172-1001 |
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.