Which steps are necessary to be and remain sustainable in the field of environment, social and governance (ESG)? And which players must lead the way hand in hand? A guide from mrp hotels.
Martin Schaffer, Managing Partner mrp hotels, in exchange with CC-News International, the newspaper for EXPO REAL, the international trade fair for commercial real estate & investment:
– The current dynamics in the hotel real estate market
– Expected consolidations on the hotel market
– Investor challenges: Interest rates, risk, collateral, contracts, yields
The topic “Investor-Operator-Cooperation: The perfect match” is becoming increasingly more important. Therefor mrp hotels has summarised the most important information for you. You can find essential content and current analyses here. Take a look right away!
After two challenging years in the hotel real estate segment, the road to recovery started this spring, bringing up the positive sentiment in the hotel investment market at the same time. Various factors such as the removal of travel restrictions and the pent-up demand for travel among the population are accelerating the recovery of the hotel market and thus strengthening investor confidence. This is particularly countered by the current economic and political developments.
Hotel operators were considered a growth industry worldwide until the beginning of 2020. In the past 20 to 30 years, exclusively growth has been recorded – a tenant and financing could be found for (almost) every hotel project.
In order to fight inflation, the key interest rates in the USA are currently being raised by the FED (= Federal Reserve System). The FED raised its key interest rate by 0.5% at the beginning of May 2022 and in June, by 0.75% – as much as in 1994. The “zero interest rate level” is expected to settle between 3% and 4% by 2023.
With June 2022, mrp hotels is also based in Munich, the company’s second location in Germany after Berlin. Katharina Preiss, who is supporting the management team as Senior Vice President Germany since May 2022, will take over the management and further expansion of the new location.
We asked the industry for their appraisals. What were the biggest challenges in 2021, what stayed the same during Corona and what’s next in 2022? Click here for different opinions from banks, investors and operators in the industry.