As we return after the new year break, I am reminded that this is the third year I have been on record to say that we will start to see wholesale selling of hotels in Europe.
I have lost count of how many times over the years I have said – both in good times and bad – that hotels rarely have voids, are ‘relettable’ instantly and, by securing a good operator or brand, you are forced to drive brand-standard capital expenditure, so the residual value…