Uncertainty reigns amongst investors, who are unsure whether to fully commit to hotel operations now or wait for price discounts later. The restrictions over hotel activity, with selective lockdowns and the growth of uncertainty amongst citizens, is not helping the final investment figures in the market, which, in the opinion of Laura Hernando, Managing Director of Hotels at Colliers, will ‘struggle’ to reach the 1 billion euro mark this year. Even that would represent a 60% drop compared to 2019.
The investment volume in the hotel sector exceeded 300 million euros as of 30 September (that figure rises to 562 million euros if we consider the purchase of the Edition Hotel in Madrid, a turnkey operation that will materialise upon delivery in 2021), according to estimates from the consulting firm Colliers.
Read the full article in Spanish.