Hotel industry still attracting investment

Despite the uncertainty over Brexit, the hotel industry is still attracting investment with budget hotel chains dominating the market. According to a recent article in Hotel Owner 7,500 new budget hotel rooms are expected to open by the end of this year. Despite the prolonged EU negotiations, the UK remains a viable option to overseas hotel investors, with 78% of total hotel investment activity and 85% of all hotel portfolio activity in 2018 exchanging hands with an overseas buyer. With hotel investment totalling £1.1 billion last year, the pipeline for UK hotel growth is strong, particularly within London. However, Edinburgh, Brighton and Birmingham all piqued the interest of investors due to the diverse mix of business and leisure within these markets.