1 Hotel cover.indd - Nicola Cottam

Industry overview
For 2007, there is no expected let-up in the deal frenzy, with the sale of Accor’s Novotel for an estimated £400m,
and RBS also expected to churn the Marriott estate it acquired for almost £1bn in April last year.
Fears that rising interest rates will cause the market to stagnate as yields become further compressed look so far
to be unfounded, as the market shows itself capable of reinvention, both in terms of investors and the types of
deals they arrange.
March 2007 Hotel Report Guide to UK Hotels 2007 l © William Reed Publishing 12