South West hotel investment jumps 89% year-on-year

South West hotel investment transactions are estimated to have reached £133.1m in 2024.
Real estate advisor Savills said the figure represents an 89% increase year-on-year, with a significant proportion of this attributed to portfolio sales.
Big deals included the sale of Hotel Indigo in Exeter, which was acquired by CDL Hospitality Trust at the end of last year for £19.5m, and Falmouth Hotel in Cornwall was bought by Greenbank Hotel, which was on the market for a guide of £7.5m.
Savills handled both sales.
Harriet Fuller, hotel capital markets associate director at Savills, said: “In 2025, we anticipate an increase in the transaction volumes of individual assets, in contrast with the number of portfolio transactions across the UK in 2024.
“The South West is a market characterised by predominantly single assets and as such is well placed to benefit from this trend.
“Furthermore, with the continued growth in tourism and the appeal of stable, long-term returns, we expect transaction volumes to remain robust this year.”