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The Spanish hotel market gain 3,760 million in investments in 2018

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The hotel sector registered a high corporate activity in Spain in 2018 , with a global investment figure of operations of 3.7 6 million euros . According to data from the report "Hotel Investment in the Iberian Peninsula " , jointly prepared by Cushman & Wakefield and CMS , the figure represents a decline of 18, 7 % compared to 2017 , the year in which the investment set a historic record with 4,620 millions.

 The high volume is marked by the purchase of Hispania's portfolio by the North American Blackstone investment fund , a total of almost 1.8 billion euros. The portfolio included 42 hotels and almost 13,000 rooms, many of them in sun and beach destinations.

 According to Albert Grau, partner and co-director of Cushman & Wakefield Hospitality in Spain, “the trend in 2019 also reflects a slower pace of transactions. This is explained, on the one hand, because there are almost no large portfolios for sale and, on the other hand, by the prices of assets, which provide lower returns than those seen in previous years. However, there is still a great interest of investors in the Spanish market, both urban and especially holiday ” .

 In the last five years, these have been the largest operations that have been signed in Spain:

 

TOP 5 HOTEL TRANSACTIONS IN SPAIN (FIVE LAST YEARS )

Año

Portafolio

Vendedor

Comprador

País del Comprador

Cantidad

(en millones de €)

2018

Hispania

Hispania

Blackstone

Estados Unidos

1.787

2017

HIP

Banc Sabadell

Blackstone

Estados Unidos

631

2017

Merlin Properties

Merlin Properties

Covivio

Francia

559

2017

Banco Popular Majority Share

Banco Popular

Blackstone

Estados Unidos

366

2017

Foreclosed Hotels

CaixaBank

Apollo Global RE

Estados Unidos

350