HotelsMag May-June 2024 | Page 76

INVESTMENT
The Radisson Blu Edwardian Grafton is in London ’ s Fitzrovia neighborhood .
KEY THEMES THAT HAVE RESONATED OVER RECENT YEARS WILL CONTINUE INTO 2024 : PRIME URBAN GATEWAY MARKETS WILL CONTINUE TO ENJOY STRONG INVESTOR DEMAND AND THE MIDDLE IS GOING TO BE SQUEEZED
De Vere Cotswold Water Park is located in the heart of 152 lakes that spread across the Cotswolds Water Park .
– MARC NELSON , EVP ,
HOTELS , JLL
rate and bond markets , there seems to be upside optimism , [ although ] this greatly depends on EBITDAR ( earnings before interest , taxes , depreciation , amortization and restructuring or rent costs ) performance in light of cost pressures still persisting and further growth
coming through the P & L ,” said JLL ’ s Nelson . “ Overall , there will be optimism in terms of easing inflationary pressures and improvement in capital markets . We are seeing privateequity investors become more risk-on , which is giving the market confidence .”
And just who might be whipping out a check book ? Whitebridge ’ s Camble suggested as interest from private equity picks up , “ U . S . investors are likely to grab a larger share of the market since 2021 . European buyers will retain the highest market share ,
but the Middle East is likely to give Europe a run for the top spot again in 2024 as they seek to acquire more stakes in quality hotel companies on the back of diversifying their sovereign wealth portfolios and driving economic diversification at home .”
76 hotelsmag . com May / June 2024