Berlin is number 10 on Savills list of hot European cities for hotel investment. Berlin is a city that continues to evolve, offering a hip collection of neighborhoods that shows that this city is more than just a Wall.
It makes sense as an investment opportunity. But is oversupply a concern?
Berlin hotels are making steady profits and recorded an 8-percent year-on-year increase in total revenue in April that, combined with cost-cutting, fueled a 29-percent increase in profit per room, according to recent data from profit and loss benchmark service HotStats.
Since the German capital is a consistent high performer, developers are now eager to profit—and a total of 8,300 rooms are due to open in the next two years, dependent on demand from both leisure and corporate travelers.