hospitality Market News: Spanish Real Estate Intelligence

The property developer Sacresa and the company Emesa are going to build new offices, hotels and other facilities spanning more than 90,000 m2 in the Barcelona municipality.

The 4-star Hotel Niágara has 142 rooms and is located 200 metres from Playa de Palma, on the island of Mallorca.

In 2022, the hotel segment in Spain offered returns of more than 4.75% and the logistics segment returns of more than 4.25%.

The Hotel Las Águilas Tenerife Affiliated by Meliá has 216 rooms and gardens spanning 10,000 square metres featuring a swimming pool.

Madrid broke its hotel investment record in 2022 with 803 million euros spent on the acquisition of hotel assets, according to Colliers.

The average price per hotel room increased in 2022 and, with it, the total revenue per available room.

The Indian family office will remodel the Martiánez hotel to convert it into a benchmark in terms of sustainability. This is the third asset to be managed by the SaaJ-Silken alliance.

After the closing of the operation, Meliá will continue to manage the hotels that it inherited from Tryp and that Equity Inmuebles has put up for sale. To this end, it has signed an agreement with the potential buyer, Adia, the sovereign fund of Abu Dhabi.

The Stoneweg-Bain Capital alliance has acquired the Be Live Palace in Muro (Mallorca) and the Be Live Experience La Niña (Tenerife).

Hotel investment in Spain recorded its third best year in 2022, exceeding pre-pandemic levels for the second year in a row.