Christie sells the most hotels in Europe in 2020

RNS Number : 1904U

Christie Group PLC

31 March 2021

 

31 March 2021

Christie Group plc

("Christie Group" or the "Company")

Christie & co sells the most hotels across Europe during 2020, according to RCA ranks

Christie Group plc (CTG.L), the leading provider of Professional & Financial Services and Stock & Inventory Systems & Services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors, is pleased to announce that Christie & Co, its specialist business adviser, has been ranked as the most active agent in the hotel sector across Europe for 2020 based on the number of hotels sold, according to the latest rankings provided amongst tracked brokers on Real Capital Analytics (RCA).

RCA's latest figures released this month revealed that Christie & Co sold the highest number of hotels across Europe in 2020, with Christie & Co's French and Austrian teams identified as the leading overall hotel brokers in their respective markets. The Spanish team was also named as one of the top-ranking brokers when acting on behalf of a seller.

Encouragingly, majority of this activity was carried out within a challenging market, against a backdrop of the ongoing COVID-19 pandemic and various lockdown periods, which suggests the hotel investment market is still very much buoyant with activity.

Christie & Co continue to dominate the hotel transactions market across Europe and the UK, providing market leading advice to hotel owners and connecting operators to the right buyers for over 85 years, and show no signs of slowing down. Within the UK, in the first quarter of 2021 alone the team has exchanged on over 100 hospitality businesses.

Carine Bonnejean, Managing Director of Hotels at Christie & Co comments, "Despite the most challenging year for the hospitality sector, our hospitality team has remained focused on delivering deals for our clients across Europe.  The record levels of new capital raised have been immensely frustrated by the limited stock coming to market but since the beginning of the year, larger opportunities are finally emerging and thus attracting significant interest. In the UK alone, there is over £1 billion of portfolios and large single assets on offer. We expect to see heightened M&A activity in the coming months as well as continued pick up in the independent market."

Enquiries:

Christie Group plc
Carine Bonnejean Christie & Co, Managing Director of Hotels	020 7227 0714
David Rugg Chairman and Chief Executive	020 7227 0707
Daniel Prickett Chief Operating Officer	020 7227 0700
Shore Capital Antonio Bossi Nominated Advisor and Broker	020 7408 4090

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 40 offices across the UK and Europe, catering to its specialist markets in the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.

Christie Group operates in two complementary business divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PFS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long-established reputation for offering valued services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com.

 

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