The French Football Federation released its list of cities that will host one of the planet's biggest sporting events. The hotel industry now knows where to concentrate its pipeline.
The selected cities are Saint Denis (a county neighbouring the French capital), Paris, Lille, Bordeaux, Nice, Lyon Marseille, Lens, and Nancy. Now more than ever, budget and economy brands should knock on the doors of small family-owned hotels looking to sell or franchise.In general investing in France is a safe bet because of the political stability, economic prosperity, and there are no (or rare) natural disasters. Furthermore, these smaller hotels that will eventually be up for sale require relatively little work and the return on investment is quicker than four and five-star establishments because there is no inherent asset value to maintain. Combine this with the fact that many owners are eager to sell, then all the ingredients are present for a fruitful pipeline leading up to the 2016 Euro Cup, an event which will accelerate the already quick return on investment.In general investing in France is a safe bet because of the political stability, economic prosperity, and there are no (or rare) natural disasters. Furthermore, these smaller hotels that will eventually be up for sale require relatively little work and the return on investment is quicker than four and five-star establishments because there is no inherent asset value to maintain. Combine this with the fact that many owners are eager to sell, then all the ingredients are present for a fruitful pipeline leading up to the 2016 Euro Cup, an event which will accelerate the already quick return on investment.
