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European Hotels Still Worth Top Dollar

LONDON-The advent of guarantees and turnover leases has done much to attract new investors to the market. That's the conclusion of Jones Lang LaSalle Hotels' latest report, Changing Ownership Structures.

By Charlie Jacoby | Updated on February 04, 2003

LONDON-The broadening of hotel property ownership in Europe in recent years has been marked by the growth of more investor-friendly operating structures such as guarantees and turnover leases. These are playing an increasingly important role in attracting non-specialist hotel investors by providing a more secure and balanced investment product, says Jones Lang LaSalle Hotels’ latest report, Changing Ownership Structures.

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.”

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