14:34 9 September 2019
Cheaper hotels to attract more investor interest – CBRE
Major real estate investors looking for hotel properties in Poland have to date been mainly focusing on four- and five-star products, but these are in short supply and the trend could change in the near future, according to CBRE experts. In the coming years, demand for hotels featuring three or even fewer stars is expected to increase significantly. A number of chain hotels representing the economy and budget market segments have been completed in the country in recent years. Those hotels, which are now often three or four years old and will soon start to bring profits after a stabilization period, should soon appear on investors’ radars. “Such investment products will certainly attract much investor interest, even though the value of those transactions will not exceed PLN 100 million,” commented Rafał Rosiejak, head of hotels, Poland, at CBRE.
(Warsaw Business Journal)
