The volume of hotel investment in Germany reached a record EUR 1.03 bn in the first ten months of 2006, according to new figures from the German division of Jones Lang LaSalle Hotels. It is the highest annual volume since statistics for the German hotel investment market began in 1990.
The volume of hotel investment in Germany reached a record EUR 1.03 bn in the first ten months of 2006, according to new figures from the German division of Jones Lang LaSalle Hotels. It is the highest annual volume since statistics for the German hotel investment market began in 1990.
The figures for the period January-October 2006 already show a clear increase in hotel investment volume over the total volume for the whole of 2005 (EUR 792 mln).
In total, 23 individual hotel properties changed hands in Germany between January and October of this year, as did three hotels included in European portfolios, and three Germany-wide portfolios. International investors continue to dominate the market, with a market share of 81% of hotel investment volume, Jones Lang LaSalle Hotels
reported.
