CBRE: Hotels the fastest growing asset class for Middle East investors in 2014
According to CBRE’s ‘In and Out 2015’ review of cross-border investment in commercial real estate, Middle Eastern investors have been looking beyond major cities in their purchases of hotels in the recent past. A classic example is the late 2014 purchase of the InterContinental Hotel in Budapest. Recent commencement of flights from Dubai and Doha to that city mean that vertical integration of (upmarket) travel and accommodation is possible. Qatar Airways recently bought the Sheraton Skyline at London’s Heathrow airport and the Novotel Edinburgh Park.
Source : August 2015/CBRE/Budapest/HOT