Cushman & Wakefield Promotes Frederic Le Fichoux To Head of Hotel Transactions EMEA

London, 10 April 2024 - Real estate services firm Cushman & Wakefield has promoted Frederic Le Fichoux to Head of Hotel Transactions EMEA.

Le Fichoux has been with the firm for 17 years. He previously led hotel transactions for Continental Europe and before that was Cushman & Wakefield’s Head of Hospitality for Central & Eastern Europe between 2007-2012. He was promoted to International Partner in 2020.

He has transacted across the hospitality spectrum from prime assets in Europe’s gateway cities to luxury resorts. Among the notable transactions he advised on last year were the significant sales of the Sunčani Hvar hotel portfolio on the island of Hvar in Croatia, and the hotel elements at The Warsaw HUB, operated by IHG Hotels & Resorts and featuring a Crowne Plaza and Holiday Inn in a 21-storey tower.

Before specialising in transactional activity, Le Fichoux’s broad hospitality experience included valuing more than 200 hotels, operator selections, and development advisory work.

Jon Hubbard, Head of Hospitality EMEA, said: “Fred is one of the foremost hospitality advisors in Europe and it is a great pleasure to acknowledge his contribution in leading our hotel investment activity across the EMEA region. Hospitality proved its resilience as a sector in 2023 as operators recorded exceptional performance recovery across most European markets, international tourism continued to recover strongly, and overall investment volumes were just 4% below 2022 levels. It remains a nuanced investment market to navigate and Fred’s insight and experience adds significant value and reassurance to our clients. Combined with our local market expertise and the strength of Cushman & Wakefield’s Debt & Structured Finance team and wider platform it is a powerful proposition.”

Frederic Le Fichoux, Head of Hotel Transactions EMEA, said: “It is a privilege to work alongside our established hospitality teams in all key European cities and to take on the role of coordinating our hotel capital markets services across the different markets to service the best interest of our clients. In terms of investment, there is strong appetite for the hotel sector from a broad range of international investor groups recognising the inherent growth potential of the sector in the coming years and with greater pricing alignment now we expect an uptick in activity in 2024. Understandably, the premium and luxury segments remain top of most investors’ wish lists, but there is also interest in acquiring properties in resort destinations and urban markets with strong leisure demand.”