Market at a glance
Hotel properties changed hands for roughly €1bn in the first half of 2021. Although these results came in 22% below the 10-year average, the past three months were the strongest we have seen in a year. Although it is still too early to talk about things going back to normal, there are signs of recovery. Activity on the hotel market, however, is resuming at a slower pace than that seen on the overall commercial property market. Transaction activity is particularly being hampered as banks remain hesitant towards financing commitments.
