More and more money flows into the region’s hotel market

The investment activity in the Central Eastern European region’s hotel markets in 2016 amounted to approximately 1.2 billion euros with 46 transactions, while a year before the figure barely exceeded 700 million euros with 45 transactions – the Cushman & Wakefield real estate advisory sent its latest research to MTI.

The excellent performance of the region as a whole was largely the result of deals finalized in Austria, which accounted for as much as 67 percent (almost 800 million euros) of the 2016 volume, the study said. The volumes recorded in the other countries of the region, including in Poland, were lower that those seen in 2015. (MTI)