peter szabo
HVS 2018 European Hotel Lending Survey Reports Positive Outlook for Financing Although Banks Showing Caution on Over-Supply
Peter Szabo | February 5, 2018
by Peter Szabo and Simon Hulten A survey of leading European banks has shown that despite on-going uncertainty surrounding Britain's exit from the EU they are still positive about lending on hotel projects in Britain, ranking the UK as their most preferred hotel lending market along with Germany and the Netherlands. According to the European Hotel Lending Survey 2018, published today by brokerage and investment services specialist HVS Hodges Ward Elliott, debt is widely available for all types of hotel projects across the continent. "Over the past year cautiousness due to increased political risks and economic policy challenges has been...
Five Reasons Why Developers and Owners Love Hotel Leases
Peter Szabo | November 30, 2017
European Leased Hotel Cap Rates Reach Historic Low As Investor Pool Expands, Says HVS HWE Report By Peter Szabo, Analyst at HVS London Capitalisation rates for fixed income prime hotel investments such as lease contracts have reached sub 5%, according to a report from property experts HVS Hodges Ward Elliott. The number of investors buying into leased hotels has also trebled since 2009 as the asset class has become an increasingly attractive investment target for institutional investors. While the likes of Marriott, Hilton, IHG and Accor have moved away from lease contracts in the past, operators such as Deutsche Hospitality (formerly S...
Germany Becomes Star Performer for European Hotel Transactions as Investors Play It Cool in Year of Change, Says HVS Report
HVS | March 1, 2017
1 March 2017, London: Hotel transaction volume across Europe reached €17.8 billion in 2016, down 25% on the previous year's record volume, according to the annual European Hotel Transactions report, published this week by HVS and its brokerage and investment services division HVS Hodges Ward Elliott. While portfolio activity halved to €7.2 billion-worth of sales, single asset transactions remained strong with volumes of €10.6 billion, up almost 17% year-on-year. "Last year's fall in portfolio hotel transactions came as no surprise, particularly as it followed an extremely active 2015 during which there were €14.6 bil...
Low Interest Rates Prompts Rise in Financing on European Hotels, Says HVS Lending Survey
Peter Szabo | February 24, 2017
By Peter Szabo Introduction Through our work with hotel investors and developers, we have seen a major uptick in the availability of hotel financing across all European markets in recent years. The widespread availability of bank financing for hotels is partly due to stronger hotel market fundamentals and partly to a more resilient banking sector across most of Europe. Paired with historically low interest rates, this trend has resulted in increased transaction volumes with many deals seeing the use of all available debt. The Survey HVS London reviewed and analysed the current lending environment for hotels following a comprehensive sur...
