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Article - High Cost of Borrowing Contributes to 19% Fall in European Hotel Transactions in 2023 - High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022, the second lowest level of investment in the past decade, according to our HVS European Hotel Transaction Report, published this week in partnership with our European hotel brokerage arm HVS Hodges Ward Elliott.

High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022, the second lowest level of investment in the past decade, according to our HVS European Hotel Transaction Report, published this week in partnership with our European hotel brokerage arm HVS Hodges Ward Elliott.

Phillip Lim debuted the final chapter of his year-long, New York-centered story via a strong collection and immersive, community-driven New York Fashion Week art gallery.

A public art programming series investigates the relationship between carceral expansion and the neighborhood’s struggle for self-determination.

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