Hotel investments are asserting themselves as an attractive asset class despite high financing costs and economic uncertainties. This is shown by the current trend survey by mrp hotels based on 42 market participants in the real estate industry, including investors, asset and investment managers and real estate consultants. The respondents are particularly positive about the segment's long-term prospects: around 45 percent expect hotel investments to continue to gain in importance over the next three years. At the same time, more than 90 percent consider hotels to be at least as attractive or more attractive compared to other asset classes.
"The results clearly show that hotel real estate is perceived as a resilient and future-proof component of institutional portfolios despite economic uncertainties. Operator quality, location profile and flexible usage concepts are moving more into focus," says Martin Schaffer, Managing Director at mrp hotels.
Market position: Hotels establish themselves as a strategic portfolio building block
In the current market environment, hotel investments already play a central role for the majority of respondents. Almost 70 percent rate their importance in their working environment as high or very high. The outlook also remains predominantly positive: around 45 percent of the participants assume that the share of hotel investments in real estate portfolios will increase in the future. Only around 14 percent, on the other hand, expect a decline. 41 percent do not expect any change.
Hotels also perform positively in the attractiveness ranking compared to other usage classes. Although residential real estate is still considered the most attractive asset class, hotels, together with logistics properties, are well ahead of office and retail properties. "This underlines the increasing establishment of hotels as a strategic component of diversified real estate portfolios," says Schaffer.
