Time Right to Develop, Acquire or Invest in European Hotels as Hotel Groups Set to Expand, Says HVS

HVS | January 6, 2015

January 06 2015, London: Consolidation amongst major hotel companies will be one of the key themes of 2015 as large groups seek to grow their business or risk being taken over themselves. Looking to the year ahead, chairman of global consultancy HVS London Russell Kett said that now is a good time to develop, acquire or invest in hotels as economic prospects are encouraging with demand for hotel rooms increasing and many parts of Europe having capacity for further rooms. As conditions in Europe's hotel markets continue to improve, values are mostly on the rise and are expected to continue to do so for the next few years. "Organic growth...