Sales of London hotels declined in 2022
(Picture: PA)Property investors retreated almost entirely from London’s hotel market in the final months of 2022 when political turbulence knocked buyer appetite, but a bounce back is expected, according to a report.
Real estate data firm CoStar Group said spend on hotels and hotel development sites in the capital reached just £1.5 billion in 2022. That was a 30% drop from the prior 12 months and the lowest annual spend in nine years.
