Northern hotel investment hits £482m in first half
Hotel investment volumes in the North of England reached around £482m in the first half of 2018, around 59% higher than the £304m total in the same period last year.
Real estate advisor Savills reports that portfolio sales accounted for approximately £320m of H118 transactions while individual hotel sales accounted for £162m.
The total spend was dominated by UK investors (67%), including the portfolio purchase of four Ibis Styles hotels from Carillion by Starboard Hotels.
This was followed by investors based in Israel (17... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...