Look for European Hotel Dealmaking to Pick Up Later in 2023
Skift Take
Deloitte's top hotel consultant, Andreas Scriven, has a finger on the pulse of European dealmaking. He forecasts more assets changing hands in the year's back half.
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.Andreas Scriven is the lead partner for the hospitality and leisure practice at Deloitte UK and Deloitte NS Europe. Scriven has an interesting perspective on European hotel deals and development.
In Western Europe, Deloitte has had its fingerprints on every large hospitality asset transaction on the buy or sell side in the past several years. The firm advises on tax and auditing issues, offers valuations and brokerage services, supports transactions with new tools like geospatial analytics, and provides strategic advice for operators and investors.I spoke with Scriven on Friday to get a pulse check on the sector. We discussed:
The 2023 outlook for Europe. What he thinks it will take to thaw the market for hotel asset sales. Why the big players likely won't increase the pace of consolidation this year. Why Amsterdam is a favorite city among hotel investors right now. Where he thinks hotel development is especially innovative right now. Hint: lo
