into London hotels could reach around £1.5bn in the first quarter of 2020,
according to research from Savills.
real estate adviser recorded that UK hotel transactions reached £4.64bn in
2019, down 42% year-on-year, yet 11% above the ten year average.
investors were also accountable for 59% of market share, with Hong Kong being
the top international investor - providing around £1bn in investment.
of all UK investment activity took place in London and totalled £2.31bn, while
total volume of the rest of the UK totalled around £2.33bn.
have already noted a marked increase in investor enquiries since the General
Election result and anticipate this to translate into increased activity across
the UK hotel market in 2020, with several notable transactions expected to
transact in the first half of the year,” said Rob Stapleton, director of
Savills’ hotels team.
Stoyle, head of valuations at Savills’ hotels team, added: “Looking forward to
this year we expect to see more stock coming to market across all grades of
accommodation but primarily driven for the budget and four-star segments.
for these assets in core locations across the rest of the UK will be
underpinned by the operational performance from the growth of the staycation
market, as well as the continued growth in international tourist members.”