Decrease of hotel investments within the Emea area

July 25, 2013 Redazione

According to the analysis carried out by Jones Lang LaSalle Hotels & Hospitality Group, real estate transactions of the hotel sector within the Emea area (Europe, Middle East and Africa) reached a value equal to 11 billion dollars in 2012, that is 10% less compared to the previous year. In this context, the most active investors were Middle East people. In fact, with an expense of 1.7 billion, they represent 15% of the total, with a 9% increase. Middle East people purchased, for example, six European hotels with the brand name InterContinental, the Maritim Berlin and Le Méridien Budapest. Good performances and steady prices for the hotel structures in London, Paris, Amsterdam and some German cities, but also in Warsaw. Major developments are expected within a substantially stable context in the Middle East, with 150 new hotels above all in Saudi Arabia and Emirates, and Africa (Ghana, Nigeria, Tanzania and Kenya). 

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