Lack of products on the investment market
Whereas at the end of the second quarter the hotel investment volume was still roughly at the high level of previous years, the picture deteriorated somewhat as the year progressed: at the end of the third quarter of 2019, the hotel transaction volume totals €2.46 billion, almost 16% lower than in the same period of the previous year. While portfolio deals record the best result since 2016 at around €830 million, the decline in individual deals was particularly drastic: A transaction volume of €1.65 billion was registered here, which corresponds to a decline of just under 28% compared with the same period of the previous year.
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