CEE region Hotels count the pandemic cost

This figure was far below initial projections of EUR 1.8 bln and represents a 74.2 pct fall from the record-breaking EUR 1.4 bln recorded for 2019. Around 87.6 pct of these deals had been negotiated before the outbreak of the pandemic. Nonetheless, transaction activity in 2020 remained considerably higher than that seen during the financial crisis of 2009, when the investment volume shrank to EUR 209 mln. In 2021 investors have become active again and transactions worth around EUR 140 mln have a