Hotel investments have reached 9,000 million euros across Europe, with Spain being the second destination for this capital, with investments estimated at more than 1,500 million euros, the second highest figure on the entire continent, after Great Britain, although it is ahead of countries such as Germany, France or Italy. This is one of the main conclusions drawn from the Hotel Property Telescope report, prepared by the Strategy and Transactions team of the consulting firm EY.
Related News
In addition, during the first semester, there was a flood of purchases by chains. Operators led around a third of investments in the Old Continent, with over $3000 million in acquisitions, and were involved as investors in seven of the top 25 deals. The report highlights that “the growing trend is for private buyers and operators to be present, while funds are generating their revenues from the UK.”
Hotel investment in Spain has reached around 1,500 million, continuing the trend that began in 2021, which has placed this type of asset as the preferred one within the English group that is grouped in commercial real estate and includes offices, commercial assets, logistics and alternatives. According to the Strategy and Transactions team at EY, hotels worth more than $ 2.2 billion will be transacted in the coming months: 815 million in the short term, 972 in the medium term and 260 in the long term.
“Infuriatingly humble social media buff. Twitter advocate. Writer. Internet nerd.”
