Greece in the 7th most attractive country for hotel investment at Europe, according to Tranio’s 2019 international investor sentiment survey for the European hotel real estate market, released in collaboration with the 22nd edition of the International Hotel Investment Forum in Berlin.
Tranio surveyed over 200 industry professionals from 57 countries in an effort to reveal the most attractive locations for hotel real estate investment in Europe, taking budgets and strategies. Most of the survey participants were either from or representing UK investors, followed by representatives from Germany, Spain and the USA.
Key take-aways:
- Spain (55%), Germany (54%) and Italy (42%) make up the top 3 most appealing investment destinations
- 71% of the respondents work with an average level of investment higher than €10M.
- Investors interested in the Spanish and German hospitality markets, are most likely to hold their real estate for anywhere between 3 to 7 years or to invest long-term and hold for over 10 years.
- The most popular investment strategies for investors in the European hospitality market include value-add and core-plus (35% and 25% respectively).
- Most respondents suggested that they would be looking for an IRR in the range of 6-12% and in some cases going beyond that to 18% as their top expectation.
- Fixed lease and management agreement are the most preferable types of tenancy agreement
- The difference in property laws between countries and the high level of competition were signaled as the most challenging issues encountered by investors.
You can read the full report on Tranio’s website here or in the attached PDF document.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
