TOP 25 global destinations for hotel investment
Consultancy Cushman & Wakefield has released a report ranking the top 25 cities globally for hotel investment, ‘Winning in Growth Cities 2012-13’.
The report said: "Given the constrains on lending by banks, equity investors and high net worth individuals, alongside sovereign wealth funds, are expected to continue to be most active players in the sector.
"These investors will focus on core – often trophy – products leased to top branded operators with proven income streams, and consequently the gap between the first tier and the rest of the market is likely to widen further."
The full list starts here:
25) Singapore
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24) Atlanta
23) Hawaii
22) Houston
21) Amsterdam/Randstad
20) Austin
19) Frankfurt/Rhine-Main
18) San Diego
17) Toronto
16) Dubai
15) Berlin-Brandenburg
14) Shanghai
13) Boston
12) Dallas
11) Washington DC Metro
10) Chicago
There are five US cities within the top ten, down from six last year.
9) Osaka
The Asia-Pacific region has seen a good year for hotel investments, with this being the first time Osaka has made it into the top ten.
8) Paris
Paris is one of only two European cities to make the top ten, but has dropped from its previous ranking of third in the 2011 list.
7) Tokyo
The Asia-Pacific region has seen a good year for hotel investments, with this being the first time Tokyo has made it into the top ten.
6) South Florida (Miami)
5) Los Angeles Metro
4) Hong Kong
Hong Kong has made a reappearance in the top ten, after having been ranked outside in last year’s list.
3) San Francisco Metro
2) New York Metro
New York has been knocked off the top spot, but is still the highest ranking US city.
1) London Metro
In no doubt helped by holding the Olympic Games, London has made its way to the top spot, taking the place from New York. London was also the place of the largest single asset deal, with Claridges Hotel changing hands for around US $500 million.