Bid-Ask Gap a Struggle for Buyers, Sellers of European Hotels
Hoteliers Concerned About How Inflation, Consumer Confidence Could Hit Asset Prices
The flow of hotel industry transactions in Europe has not increased since the start of the pandemic, and that has left hoteliers and investors grappling over asset valuations.
BERLIN - The flow of hotel industry transactions in Europe has not increased since the start of the pandemic, and that has left hoteliers and investors grappling over asset valuations.
At the International Hotel Investment Forum's session titled “Post-Pandemic Deal Flow and Valuations,” Jane Lees, executive director at CBRE, asked how the industry is expected to compare values of hotels pre- and post-pandemic.
Panelists said there were some encouraging signs of life in the deals market.
“In the last three months, the deal flow is back to 2015 levels, which is very exciting. This has all happened in the last four to six weeks,” said Dominic Seely, director of acquisitions, Westmont Hospitality.
“Most of it is in the [United Kingdom], followed by Spain and Germany. There is not much in Eastern Europe, which is understandable,” he said.