UK strengthens position as Europe's top hotel investment destination
The UK has strengthened its position as Europe's top destination for hotel investment.
It took the number one spot in the list for the second year running, ahead of Germany and Spain, according to CBRE's European Hotel Investor Intentions Survey 2018.
A total of 35% of respondents chose the UK as the most attractive target for hotel investment, which was an increase on last year, CBRE said.
Its position at the top was reinforced by a record 2017, which saw the UK hotel sector pull in €6.2b (£5.4b) worth of investment.
The figure was a 39% increase year-on-year, and the highest hotel investment volume of all European countries in 2017.
According to CBRE's latest survey, Germany was the second-most attractive market, favoured by 18% of respondents.
Spain was third, chosen as the top market by 16% of respondents.
France was fourth, chosen by 8%, and Ireland took fifth place alongside Italy with 6%.
Meanwhile, 94% of respondents said they were planning to invest either the same or more capital into hotel real estate in 2018 compared to 2017.
Paul Collins, head of hotel investment properties for UK & Ireland, said: "The UK is attracting a wide range of international investors seeking opportunities in key cities such as London, Manchester and Edinburgh.
"Investor appetite for quality regional hotels will remain resilient and despite the UK's impending withdrawal from the European Union, our survey results suggest that any restrictions to the growth of UK investment volumes are more likely to be because of restricted supply rather than a reduction in demand for hotel assets."
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