UK investment drops 70%

Ritz London

UK transactions dropped by 70% on the year in 2020, with the main drivers retirement sales, hotels sold for alternative use, non-core assets sold to bolster equity and non-alignment of shareholder interests.

The figures were released as the sector continued to campaign for government support as lockdown restrictions continued.

Knight Frank said that it expected to see the beginning of “a strong recovery” during the second half of the year, driven by the mass vaccination campaign.

The UK h

Nothing like a good cliffhanger… care to see how the story ends?

Subscribe today for unlimited access to Hospitality Insights.