The real estate market is showing signs of recovery, with the hotel sector outpacing other sectors, according to a report by Preqin.
Fundraising and deal activity have both improved in Q3 as confidence returned to real estate dealmaking, it revealed. Deals in real estate were up 38% in Q3 compared to the same period last year, while aggregate deals were 102% higher. The report also highlighted the sharp recovery in hotel deal numbers, with growth of 328% year-on-year. "While the hotel sector represents only a small subset of the asset class, it is an indication that investors are looking through any short-term issues and towards the long-term recovery in tourism growth," Preqin stated. Blackstone launches Eur...
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