Industry Update
Opinion Article24 February 2015

2014 European Hotel Transactions

By Adrian Ruch, Analyst at HVS Hodges Ward Elliott and Jill Barthel, Analyst with HVS London

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European hotel transaction volume totaled €14.4 billion in 2014, an increase of 86% on 2013. This figure represents a new record since the onset of the global financial crisis and marks a continuation of the market recovery seen in 2013. Not only was 2014 the highest year since the €20.3 billion recorded in 2006, it was also the fourth highest year on record. Transactions were evenly spread over the year, with slightly higher volumes in the second quarter, owing to the sales of the Paris Marriott Hotel Champs-Elysées (€345 million, €1.8 million per room) and Le Méridien Etoile (€280 million, €237,000 per room), and in the fourth quarter, the sale of Louvre Hotels Group (€1.2 billion);


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