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Hotel Investment Amounted to €960 Million in 2020 Thanks to Several Last-Minute Operations

The year ended with 77 transactions, although the volume was 61% lower than that registered in 2019 (2.5 billion euros) due to the Covid pandemic, according to the consulting firm CBRE.

hotel barcelo Formentor Mallorca futuro Four seasons fuente barcelo 1024x683 1
The future Four Seasons Hotel in Formentor (Mallorca), sold to Emin Capital by Barceló.

During 2020, which was overshadowed by the COVID-19 pandemic, 77 hotel assets containing more than 6,800 rooms and 2,000 future rooms in buildings, plots and WIP projects were transacted, worth 960 million euros, according to estimates from the consulting firm CBRE.

Despite the last-minute flurry of operations, the investment volume was 61% lower than that registered in 2019 (2.5 billion euros) due to the global health crisis and the disruption caused during the months of lockdown. Nevertheless, the activity seen during the fourth quarter of the year has raised expectations for 2021.

Read the full article in Spanish.

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