MRP hotels continues ist current course of growth
Vienna (October 4, 2013). Finance for hotel real estate has changed considerably over recent years. Whereas the majority of hotel projects were previously financed by banks, today only one in ten projects are successful in arranging classic bank finance. The banks must find a new role.
MRP hotels continues on a path of growth and expansion and opens ist first German office in Berlin. With the opening of a new office in Berlin in July of this year, the international consulting firm MRP hotels has continued on ist path of growth and expansion.
Austria's hotel market is too small for most international Investors, but domestic Investors are maintaining activity in the market: around a quarter of all commercial property deals last year concerned hotels.