Hotel Investors in the UK Play the Waiting Game Prompting a Nearly 50% Fall in Hotel Transactions in Q3 2016, says Hotel Bulletin

HVS | November 8, 2016

08 November 2016, London: Transactions in the UK hotel market are likely to be subdued until the terms of Britain's exit from the Europeon Union become clearer and business confidence returns. The latest Hotel Bulletin, published this week by HVS, AlixPartners and AM:PM, outlines the fact that hotel transactions in Q3 totalled £522m in value, nearly half of that recorded in Q3 2015. Total transactions for the year-to-date were also significantly below that of last year. "There is still no strong indication of what form Brexit will take and this uncertainty has led to indecision and delays in hotel property transactions," said HVS ...