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Hotel Prices Grew by 17% in 2021

The average hotel transaction price per room rose by 17% in 2021 to reach 147,000 euros.

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The total investment volume of the hotel sector in 2021 amounted to 3.19 billion euros, a figure three and a half times higher than that registered in 2020, according to the consultancy Christie & Co.

“The high number of core operations and prime assets sold, mainly in sale & leaseback and sale & management back structures, was one of the main reasons for the high volume of investment. In fact, strong competition for these high-quality assets pushed room prices up to historically high levels, beating even the million-euro mark in luxury hotel transactions in Madrid,” say sources at Christie & Co.

Read the full article in Spanish.

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