Rising Costs Haven't Dampened Hotel Investment Activity Throughout Europe
More Investors Are Lining Up To Spend Capital
Investors looking to invest capital in hotels across Europe are not leaving any stone unturned, but neither is the competition.
In a session during Alvarez & Marsal’s debut European Hospitality Investment Conference titled “Investors: Spotlight on the United Kingdom and Europe,” Ramsey Mankarious, CEO of Cedar Capital Partners, said he has been busy with multiple deals coming to fruition in 2022.
Of course, there are hurdles to negotiate, he said.
“The challenge is financing, Anyone can get a loan, but is it the right loan?” he said.
Coley Brenan, partner at KSL Capital Partners, spoke about his company's April 2022 acquisition of The Pig Hotels, a small chain of boutique country hotels in the United Kingdom.
Brenan said the deal is small for KSL in terms of its overall capital, with its hotels having on average 30 rooms and a total of 240, compared to approximately 850 rooms total across its competitive set.
