Brookfield acquires four Selenta Hotels in Spain from Jordi Mestre.
Recruitment, retention and effective management is crucial for post-covid hotel sector
The ability of hotels to attract and retain staff has never been more crucial as a combination of less foreign workers and the on-going impact of covid continue to threaten staffing levels.
Refinancing tough for hotel sector as lenders become cautious
Hotels have weathered the pandemic storm well with support from lenders, with a bounce-back of trade expected, although for some this may take three to four years to achieve.
Slow start for hotel transactions but market set to strengthen as year progresses
Total European hotel transaction volume fell by 69% in the year of the pandemic following a record high the previous year when €27.1bn-worth of hotel deals were struck.
Europe’s hotels see values fall by up to 15%
Sharp declines in revenue caused by the pandemic coupled with a more cautious approach to lending has prompted hotel valuations to fall.
