Hotel investment is heading for a record year thanks to Spanish capital
Chains and family offices such as RIU, the Matutes or the García-Baquero are driving hotel investment, which is already close to 4,000 million euros. The figure could reach around 5,000 million euros by the end of the year.
Hotel investment in Spain is nearing €4 billion this year, with some predictions it could reach €5 billion by year-end, thanks to chains like RIU and family offices such as the Matutes and García-Baquero. RIU has bought the Grand Hyatt in Barcelona for around €350 million, while the Matutes Group acquired a 75% stake in three hotels for approximately €180 million.
Other significant deals include Kaya's purchase of the ME Barcelona hotel for around €100 million and the García-Baquero family's acquisition of Tivoli La Caleta Tenerife. Experts attribute the investment boom to hotel chains' abundant liquidity and their ability to finance deals with less debt.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
