The real estate investment in hotels conducted in the European Union

The real estate investment in hotels conducted in the European Union amounted to 9,000 million euros in the first half of 2007, with a decrease of 3.3 percent.

According to a report by the real estate consultant CB Richard Ellis, and presented last Thursday at an international seminar in Barcelona, the hotel sector in Europe has evolved satisfactorily in the first half of this year. Graham Windle and Dominic Murray, director of the department of the hotel consultant, stressed that the ratio RevPar, equivalent to monetary income per room, experienced significant increases in cities such as Barcelona, Moscow, Berlin, Vienna, Paris or London.

In 2006, investments in European hotels amounted to 19,700 million euros, and 71 percent of that amount corresponded to purchases of portfolios. In the first half of 2007, 72 percent of 9,000 million euros invested was used in these corporate transactions.