It is no secret that the hotel sector has been hit hard by the pandemic, however, the market has seen fewer discounted sales than predicted and pricing is holding up, according to Owen Pritchard, executive director and COO, EMEA Hotels, CBRE.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
