START OF THE YEAR AT PREVIOUS YEAR'S LEVEL
With an investment turnover of 617 million €, the hotel investment market has started the year off strongly once again. Compared to the long-term average, the result is again above average (+13 %). In contrast to the first quarter of 2018, however, the volume is generated exclusively from individual transactions; portfolio sales, on the other hand, have not yet been registered. The strong transactions in the three-digit million range of the previous year are also still missing. This makes the current result all the more pleasing. The average volume per case of sale, at just under 24 million €, was nevertheless slightly above the previous year's figure (+8 %). The extraordinarily good result is primarily due to the brisk market activity in the medium size classes. Among the largest transactions to date are the sale of the Marriott World Conference Hotel in Bonn, which Art-Invest has secured, and The Westin Bellevue Dresden, which went to First Sponsor Group, a company listed on the Singapore Exchange.
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