The hotel investment market in Europe is dynamic and active: the volume recorded is the highest in the last four years.
During the first six months of 2003, transactions were completed in individual hotel assets in Europe for a total value of approximately €1.5 billion, the highest invested volume in the last four years. The comparison on an annual basis highlights that the volume transacted to date is equal to 94% of the capital invested in 2002.
explains Roberto Galano, Senior Vice President of Jones Lang LaSalle Hotels.
Jones Lang LaSalle Hotels recorded a record number of transactions during the first half of 2003. A considerable number of deals were completed at the end of the half as investors freed themselves from the international economic and political uncertainty. The hotel market in the second half of the year is currently active, due to the number of negotiations underway which should be concluded in the short to medium term.
For further details, see Mondo Immobiliare-Il Sole 24 Ore on newsstands next September 1st.
source: Real Estate Observatory
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