MIPIM 2025, hospitality has the wind in its sails – Session 2, Leases & contractualization
🏨 Covivio, with 60% variable components in their portfolio, down from 100%, reflects a shift in the hospitality sector's lease agreements, which have become more complex and sophisticated over time. Union Investment's lease agreements evolved from simple 10-15 page documents to more regulated ones, while Radisson, with 20-30% of their business in leases, emphasizes a close partnership and hybrid leases. Marriott International favors franchises, avoiding new leases, and the hospitality sector saw hotels account for 16% of Europe’s transaction volume last year, marking an all-time high. The Hospitality Operator Forum is set for June 12.
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