Christie Group PLC Christie sells the most hotels in Europe in 2020
March 31 2021 - 11:48AM
RNS Non-Regulatory
TIDMCTG
Christie Group PLC
31 March 2021
31 March 2021
Christie Group plc
("Christie Group" or the "Company")
Christie & co sells the most hotels across Europe during
2020, according to RCA ranks
Christie Group plc (CTG.L), the leading provider of Professional
& Financial Services and Stock & Inventory Systems &
Services to the hospitality, leisure, healthcare, medical,
childcare & education and retail sectors, is pleased to
announce that Christie & Co, its specialist business adviser,
has been ranked as the most active agent in the hotel sector across
Europe for 2020 based on the number of hotels sold, according to
the latest rankings provided amongst tracked brokers on Real
Capital Analytics (RCA).
RCA's latest figures released this month revealed that Christie
& Co sold the highest number of hotels across Europe in 2020,
with Christie & Co's French and Austrian teams identified as
the leading overall hotel brokers in their respective markets. The
Spanish team was also named as one of the top-ranking brokers when
acting on behalf of a seller.
Encouragingly, majority of this activity was carried out within
a challenging market, against a backdrop of the ongoing COVID-19
pandemic and various lockdown periods, which suggests the hotel
investment market is still very much buoyant with activity.
Christie & Co continue to dominate the hotel transactions
market across Europe and the UK, providing market leading advice to
hotel owners and connecting operators to the right buyers for over
85 years, and show no signs of slowing down. Within the UK, in the
first quarter of 2021 alone the team has exchanged on over 100
hospitality businesses.
Carine Bonnejean, Managing Director of Hotels at Christie &
Co comments, "Despite the most challenging year for the hospitality
sector, our hospitality team has remained focused on delivering
deals for our clients across Europe. The record levels of new
capital raised have been immensely frustrated by the limited stock
coming to market but since the beginning of the year, larger
opportunities are finally emerging and thus attracting significant
interest. In the UK alone, there is over GBP1 billion of portfolios
and large single assets on offer. We expect to see heightened
M&A activity in the coming months as well as continued pick up
in the independent market."
Enquiries:
Christie Group plc
Carine Bonnejean
Christie & Co, Managing Director
of Hotels 020 7227 0714
David Rugg
Chairman and Chief Executive 020 7227 0707
Daniel Prickett
Chief Operating Officer 020 7227 0700
Shore Capital
Antonio Bossi
Nominated Advisor and Broker 020 7408 4090
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional
business services group with 40 offices across the UK and Europe,
catering to its specialist markets in the hospitality, leisure,
healthcare, medical, childcare & education and retail
sectors.
Christie Group operates in two complementary business divisions:
Professional & Financial Services (PFS) and Stock &
Inventory Systems & Services (SISS). These divisions trade
under the brand names: PFS - Christie & Co, Pinders, Christie
Finance and Christie Insurance: SISS - Orridge, Venners and
Vennersys.
Tracing its origins back to 1846, the Group has a
long-established reputation for offering valued services to client
companies in agency, valuation services, investment, consultancy,
project management, multi-functional trading systems and online
ticketing services, stock audit and inventory management. The
diversity of these services provides a natural balance to the
Group's core agency business.
For more information, please go to www.christiegroup.com.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABUGDXSSXDGBB
(END) Dow Jones Newswires
March 31, 2021 11:48 ET (15:48 GMT)
Christie (LSE:CTG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Christie (LSE:CTG)
Historical Stock Chart
From Sep 2023 to Sep 2024