The Middle East has emerged as the major geographical source of hotel investment since January. The region accounted for 30% of the total investment volume in the sector compared to 12% during the same period in 2007, according to Jones Lang LaSalle Hotels.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
