Following a strong second half, 2017 transaction volumes in the hotel sector reached circa £5billion, a significant leap from the previous year, driven by a significant number of Central London trophy hotel sales in the first half of the year followed by a number of large portfolio transactions in the second half. This continued into 2018 with further portfolio transactions dominating the first half of the year, including the sale of the remaining Amaris Hospitality Hotel Portfolio for circa £600million, Apollo disposed of its 20 unit Ribbon Hotel portfolio for c.£742m and Starwood Capital exited from the 14 unit Principal Hotel Portfolio for c.£830m. With a number of additional transactions in play, anticipated to complete prior to the end of the year, 2018 looks like it will be ahead of last year by a significant margin, albeit with a much lower contribution from single asset transactions. 8 fleurets.com Thriving in uncertainty Hotels Paul Hardwick Director & Head of Hotels c.£5bn hotel transactions 2017