The UK, Germany and Spain have been named as the favourite countries for hotel investments, according to new report.
More than two thirds (69%) of investors have identified Spain as one of the top three countries in Europe with the most attractive hotel investment opportunities, in CBRE’s European Hotel Investor Intentions Survey 2018.
The UK held onto the top spot with 35% of respondents targeting the country for hotel investments, an increase of 106% compared with last year’s survey; UK hotel investment capital reached €6.2bn in 2017, a rise of 39% year-on-year.
A total of 18% of respondents named Germany as their second preferred country and Spain was ranked third with 16% of votes. Spain was the country which saw the highest year-on-year growth in hotel investment volumes last year.
Investors also intend to spend more capital on European hotel investment opportunities this year, with 94% of respondents citing that they will either spend the same, or more on hotel real estate than what they did in 2017.
‘This highlights the growing attractiveness of hotels among an increasingly diverse investor base’, reports the World Property Journal.
Source: World Property Journal.