European hotel real estate investment declined by 6.7% year-on-year in the 12-months to Q3 2019, totalling €23.3 billion for the period. Hotel investment accounted for 8.0% of all capital deployed in European real estate over the period.

Some of the key highlights include:

  • The UK hotel deal volume was down 12.1% in the 12-months to Q3 2019, accounting for 27.0% of all investment in the European region;
  • Germany regained its position as Europe’s second highest country in terms of the hotel investment volume, albeit down 18.2%;
  • Institutional buyers are reinforcing the shift of the Italian hotel investment market from opportunistic to core; and
  • Fifteen separate deals in Q3 buoyed the French hotel investment volume.