Hotel industry is an attractive investment option | 25 July 2011
Hotel properties are some of the best investment opportunities in Europe, Africa and the Middle East, a new report has suggested.
The study, complied by an independent investment firm, claimed that during the first six months of 2011, investment volume in the hotel sector alone totalled 3.37 billion Euros (£2.97 billion).
The figure represents a 73 per cent rise on the figures for the same period of last year and a rise of 123 per cent on 2009’s figures. The drive is thought to have been primarily caused by large chains developing their brand and expanding their business to new countries or even continents.
Speaking of the positive findings, property expert Mark Wynne Smith told Propertyeu.info: “The majority of investment this year has originated within Europe as investors continue to feel more assured about cross border deals.”
These figures are not just a short-term thing, however; as Smith added that he felt “confident” that the remainder of 2011 would yield strong figures.
He concluded on B2bmortgage.co.uk: “Investment funds and private equity, the drivers of investment last year are currently playing a less significant role but they will be increasingly active through the second half as more stock is brought to the market.”
Written by David Howells on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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