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European hotel investors have named the UK as the most attractive location in Europe for investments.
According to a survey by CBRE, participants said that the UK had the most “appealing” market in Europe. Some 87% of respondents also revealed that they would be planning to spend the same, or more, in hotel real estate throughout 2017.
Meanwhile, 20% of respondents cited economic growth as the greatest opportunity for European hotel investment. Cost and availability of debt were also named as factors that were considered when investing into the hotel market.
The survey showed that the main concerns for hotel investors in 2017 were asset pricing and geographical influences.
Miles Gibson, head of research at CBRE, said: “2017 will see some complex opening manoeuvres in the Brexit negotiation, not least because of the potential for some twists and turns in European politics too.
“Brexit will take time but the wheels of the economy will still turn and there is no doubt that the UK’s particularly strong economic fundamentals will further underpin investor confidence in purchasing UK property.”
