London and Paris named as investment hot spots for condo-hotels

24 May 2006
London and Paris named as investment hot spots for condo-hotels

London and Paris are the two main cities in Europe currently being targeted by investors in the condo-hotel market.

Research released this week by property agents Jones Lang LaSalle Hotels (JLL) found that the UK and French capitals' gateway status and favourable tax and pension plan concessions had made them highly attractive areas for investment.

A well-developed debt market also allowed investors to buy condo-hotel units with much less equity than in other European countries, sometimes as low as 30%.

Condo-hotels come in two operating styles: either stand-alone apartments built next to a hotel, proving guests with access to amenities; or buy-to-let, where the hotel rooms are owned by individual investors with the rooms being pooled and managed by a hotel operator.

Shared ownership still risky >>

Is buy to let the way forward for hotels? >>

By Emily Manson

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TagsTourism and Trends
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