Hamburg, 30 January 2019 - Engel & Völkers Hotel Consulting GmbH (EVHC) has continued its expansion course in 2018. Founded in the beginning of 2017 as the central point of contact for all hotel activities within the Engel & Völkers network, EVHC has overseen hotel transactions and project developments worth around EUR 780 million over the last year.
The largest single transaction was a trophy asset at the Kurfürstendamm in Berlin. In addition to the successful completion of hotel transactions and operator searches in the most important German metropolises such as Berlin, Hamburg and Munich, a resort hotel development, located in one of the Baltic Sea's best-known holiday destinations, was sold in 2018. The emerging asset class of serviced apartments is another segment, covered by the hotel specialists of EVHC. In that regard a project development with 140 rooms was successfully accompanied in Frankfurt Sachsenhausen last year, from the conception until the signing of a long-term lease agreement.
Advisory, the second business area of Engel & Völkers Hotel Consulting, is on a growth path as well. In 2018 mandates reached from project development advisory, buy-side due diligence to strategy and asset management projects. Another advisory service, that EVHC is planning to expand in 2019, is the so called “Performance Reporting”, a rate analysis tool developed together with HQ plus. "We are convinced that the innovative analysis, which is able to look at rate levels on a single hotel level, can make an important contribution to decision-making processes along the entire life cycle of a hotel property," emphasizes Matthias Hautli, Manager at EVHC.
"Our full contract pipeline shows that we have successfully established ourselves on the market within a short period of time. Our long-time experience and personal network paired with the worldwide Engel & Völkers footprint are important success factors.", says Andreas Ewald, Managing Partner of Engel & Völkers Hotel Consulting.
"For the current year, we will continue our expansion course. Although the market climate is characterized by product shortages and increasing prices, investors still want to actively purchase hotel real estate. This is not only the result of our Sentiment Report 2018, a survey among the most important hotel operators and investors, it is also reflected in our various mandates.", explains Andreas Ewald.
For further information on how investors and hotel operators rate the year 2019 on the hotel market, our Sentiment Report Hotel Market Germany 2018 can be found here: www.engelvoelkers.com/en-de/hotel-consulting/market-report/