Nick Marsh, CEO of Jones Lang LaSalle Hotels Europe said: "Although some markets have been under pressure recently, over the last five years hotel property has become more widely accepted as a key element to a balanced real estate portfolio by a broader cross section of investors. Reasons for this include; more hotels being offered for sale as operating companies sell down real estate; operators offering lease and other structures that suits institutional capital; greater interest in the hotel sector from high net worth capital; robust debt markets and relative supply stability in many markets."

In Europe, the development of specialist hotel vehicles has been both rapid and recent, but most are still small and localised in their investment outlook particularly when compared to larger hotel investment companies in the US. This suggests that there is considerable scope for the growth of pure hotel investment vehicles in Europe.