BNP Paribas Real Estate has appointed, hotel expert, Artyom Perevedentsev to its International Investment Group (IIG) to respond to a growing demand for cross border opportunities in this fast evolving hotel market. Fluent in six languages, Artyom will be based in London and brings high-level experience in the hospitality sector having worked for a series of renowned real estate and investment firms with well-established hotel portfolios.
Artyom’s focus will be to grow the links between the hotel brokerage teams in the UK and across Europe as well as the international investment platforms in the Middle and Far East. He will become an invaluable member of UK’s growing alternative markets team working closely with Senior Directors Ashley Layton and Richard Talbot-Williams, as well as Andrew Cruickshank leading the IIG.
This cross border role is the first of many new planned hires for BNP Paribas Real Estate as it continues to build its European Alternative Capital Markets teams. Artyom has previously worked for Eastdil Secured, where he was involved in a number of high profile hotel portfolio and single asset deals across Europe. During his career he has advised on a series of prominent hotel deals totalling over a billion.
Etienne Prongué, Deputy CEO, BNP Paribas Real Estate, UK comments: “We are excited to welcome Artyom to the team at this critical time as the hotel market continues to grow and diversify. The calibre of experience Artyom brings, along with his pan European network and market expertise, responds perfectly to the global demand and growth we are seeing in this sector. His in-depth understanding of the hotel market from an international context will allow us to better identify opportunities across different markets for our clients. A number of our hotel clients are Pan-European, either as investors or occupiers, so offering a joined up holistic view across the continent is imperative.”
Andrew Cruickshank, Senior Director, International Investment Group, BNP Paribas Real Estate comments:
“Appetite among international investors for well-located hotel assets only continues to grow. Today’s informed consumers and business travellers have high expectations on their accommodation, they want well designed and equipped hotels in the best locations. The hotel offer is evolving fast, it’s becoming more tailored for specific needs and markets. This is where, Artyom’s role is fundamental, he will work with our country teams across Europe to identify and connect global investors with the right opportunities.”
European hotel revenues totalled €90,629m in 2019 (Source: Statista) and continue to grow. The sector remains attractive to investors from all over the world looking for long-dated secure income and asset backed operational real estate. This has resulted in over €15bn of investment in European hotels in 2019 to date, focussed mainly on the big European cities.