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.
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