CEE Hotels to improve ESG credentials
ESGschedule 25 October 2023
To comply with increasing requirements from investors, regulators, and other stakeholders, hotels in the CEE region will need to notably reduce their carbon footprint
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Cushman & Wakefield and CMS have presented the key findings from the fourth edition of their joint report on the hotel investment scene in CEE: Getting Real about ESG in Hotel Real Estate.
Hotel investment activity in the CEE-6 region reached EUR 464 mln during the 12 months ending June 2023, despite a notable increase in financing costs and the ongoing economic and geopolitical challenges. This is 74 pct more than in the previous 12-month period. Between H2 2022 and H1 2023, 23 hotels comprising almost 3,000 rooms were sold. With several significant deals in progress, this year’s transaction volume may reach EUR 563 mln by the end of 2023, nearly 30 pct more than in 2022. Inves
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