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2012: reserved growth with strong fundamentals - February 2013

http://www.realestate.bnpparibas.com/bnppre/en/market-research/overview/2012-reserved-growth-strong-fundamentals-february-2013-p_1567281.html 20/02/2013 Western Europe | Hotels Property Report H2 2012 2012: reserved growth with strong fundamentals - February 2013 At € 6 billion invested during 2012, the hotel investment volume in France, Germany, Italy, Spain and the United Kingdom suffered a 5% drop compared to the previous year.