The hotel transaction volume for the CEE region exceeded €700m in the first half of the year, according to the latest report from Cushman & Wakefield. The total was up 11 percent from the previous year. Western markets reported a mere 0.3-percent increase during the six-month period. Cushman & Wakefield predicts 2017 will outperform the strong results reported in 2016. Poland is so far the best performing CEE country this year both in terms of investment volume and the number of transactions, accounting for €350m in 16 deals, up from €4m last year. The Czech Republic came in second with €165.5m in six transactions, down 5 percent y-o-y. The biggest transaction reported in the Czech Republic for the period was the acquisition of the Marriott Hotel in Prague for €90m in April. Hungary took third place, tripling its H1 2016 volume with €99.3m in deals.
