Investment in European hotels increased by 5.3% to €24.3 bn in the 12 months to Q2 2019, bucking the trend for the overall commercial real estate market which saw deal volumes decline 7.8% over the same period, according to new research from CBRE.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
