Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

UK leads buoyant Western European hotel property market

29 August 2006
UK leads buoyant Western European hotel property market

The UK has been responsible for more than half the €6.7bn (£4.5bn) worth of hotel portfolio deals sealed this year, according to a new report.

Property agents Jones Lang LaSalle Hotels found the UK had taken the lion's share of business in a soaring European market.

London maintained its status as a property hotspot, topping the single asset hotel transaction league with €845m (£570m) worth of business, surpassing 2005's figure of €781m (£528m).

Rob Seabrook, executive vice-president of Jones Lang LaSalle Hotels, said: "So far this year we have seen unprecedented attention on the London market with high-value transactions including the sales of the Great Eastern Hotel for €219m (£148m) and the Marriott Park Lane for €153m (£103m)."

Overall, the value of European hotel transactions this year are €2bn (£1.35bn) ahead of 2005 at €9bn (£6.1bn).

Global hotel transactions set to exceed £31b this year >>

Eastern Europe's hotel industry attracts investors >>

By Tom Vaughan

E-mail your comments to Tom Vaughan](mailto:daniel.thomas@rbi.co.uk?subject=UK leads buoyant Western European property market) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku](http://www.caterersearch.com/Articles/Article.aspx?liArticleID=302619 "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking