Hotel transactions in Germany are up 44%

04/11/2013 | Bloomberg

Foreign investors are flocking to Germany's lodging market because of the country's stable financial situation, resulting in a 44% rise in hotel sales during the first quarter. "Due to favorable financing conditions, Germany's status as a safe haven, and increased demand from foreign investors, we believe 2013 will be a strong year for hotels," said Frederik Schwaeppe, an associate director at CBRE Group. CBRE estimates that hotel transactions in Germany amounted to approximately $788 million in the first quarter and about $1.78 billion in 2012.

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