Source: HVS

At an impressive €10.6 billion, European hotel transaction volumes increased by 123% in the first half of 2024 compared to the same period in 2023, according to our latest European Hotel Transactions survey.

While it is notable that single-asset transactions were up 50% compared to 2023, portfolio transactions doubled, restoring the transactions ratio between the two to 1:1, in line with the pre-pandemic average.

Two £800 million portfolio transactions helped the UK’s transaction volume increase from €1.7 billion in the whole of 2023 to €4 billion in just the first half of 2024, helping the UK reclaim its position as the most active country for hotel investment in Europe.

The largest net buyers were Private Equity and Hotel Investment Companies, while Owner-Operators and Real Estate Investment Trusts were the largest net sellers.

A strong investment thirst for luxury properties has also been evident. In the first half 2019, luxury transactions volume where the price per room was in excess of €1 million accounted for just 5% of total transactions volume. Despite a more challenging environment punctuated by high interest rates and high cost of debt, luxury transaction volume had doubled to 12% in the first half of 2024.

For more information on the transaction trends in the European hotel market, please visit H1 2024 European Hotel Transactions. For further details, please don’t hesitate to contact Maxime Gauthier at [email protected] or Sophie Perret at [email protected].