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Hotel investment in Spain reaches historic levels in the 1º semester

Hotel investment is rising fast in the first half of 2017, and points towards new historic levels by reaching a volume of €1,655M in the first 6 months of the year, according to consultant Irea.

This number is more than the double of last year register in the same period, and is the best investment record in a first semester.

If we analyze the last 12 months (June 2016/June 2017) the investment would have reached a total of €3,140M, which reflects the extraordinary moment the hotel investment is living in Spain.

The interest in Hotel segment remains high. There have been traded 79 hotels facing the 56 from last year, in a total of 63 operations. There are several portfolio operations standing out during the first 6 months: 4 portfolios which amount 20 hotels and almost 5,000 rooms.

 

Investors’ profile

The tendency for ownership unbundling and hotels management remains an increasingly predominance of this type of operations and with an investor even more specialized and familiar with the Hotel sector.

The five main investors from the first semester were London & Regional, HI Partners, KKR & Dunas Capital, RIU and Axa. Except for Riu (due to the importance of Edificio España transaction), the hotel groups have been losing ground to the specialized investors in the hotel market.