2017 was a spectacular year: HVS has released the findings of its annual Hotel Valuation Index, which reveals that values across Europe grew by 3.9% in 2017, a vast improvement on the previous year when on average, hotel values stood still.
While Paris, London and Zürich remain the most highly prized cities in terms of hotel values, the HVI reports strong gains in Lisbon, St Petersburg, Moscow and Madrid.
Currency fluctuations meant that some markets showed decline in euro terms, but overall with European hotels showing strong performances investor interest is likely to continue, particularly in Eastern and Southern Europe.
Read the article in full for an in-depth look at average hotel values across Europe.
About Simon Hulten
Simon Hulten Simon Hultѐn is an Analyst with the HVS London office. Before joining HVS, Simon held various positions in the hospitality industry. His main responsibilities include hotel feasibility studies, valuations and market overviews for European hotels. He holds a BA (Hons) in Hospitality Management from Glion Institute of Higher Education with a specialisation in hotel development and real estate.
For further information, please contact Simon at shulten@hvs.com
About Sophie Perret
Sophie Perret Sophie Perret is a Director at the HVS London office. She joined HVS in 2003, following ten years’ operational experience in the hospitality industry in South America and Europe. Originally from Buenos Aires, Argentina, Sophie holds a degree in Hotel Management from Ateneo de Estudios Terciarios, and an MBA from IMHI (Essec Business School, France and Cornell University, USA). Since joining HVS, she has advised on hotel investment projects and related assignments throughout the EMEA region, and is responsible for the development of HVS's business in France and the French-speaking countries, as well as Africa. Sophie completed an MSc in Real Estate Investment and Finance at Reading University in 2014, and is in the process of becoming a RICS certified surveyor.
For further information, please contact: sperret@hvs.com +44 (20) 7878- 7722 (Work)
www.hvs.com