In line with the country’s wider economic sustained recovery, the hotel investment sector reached a new record in 2017. With a transaction volume totalling 3.9 billion euros, Spain has positioned itself as the third largest hotel investment market in Europe, below the UK (£5.4bn) and Germany (€4.2bn) - countries which recovered more rapidly from the economic downturn and traditionally receivers of high hotel investment volumes.
As indicated in our recent study “European Travel Trends & Hotel Investment Hot Spots”, Europe is the most visited region in the world and Spain, below Germany and France, occupies the third position in total overnight stays, and the leading position in Southern Europe.
The Spanish Market consolidates as one of the key investment hot spots in Europe, attracting a large range of investors in both the urban and the leisure segments, as well as reaching higher levels of returns in recent years, proving the resilience and strength of the hotel sector.
This study, based on public data as well as Christie & Co sources, provides further examination of the hotel capital market performance during 2017, including a detailed analysis of the total volume of transaction, the source of capital, the largest transactions (both single asset and portfolio), the investment geography and a 2018 performance outlook.
Source : Christie & Co