Investors Pounce on Hotels in the Canary Islands, Madrid and Barcelona

CBRE is working on the sale of two portfolios containing several hotels in the Canary Islands and anticipates future operations involving urban assets in Madrid and Barcelona.

The mobility restrictions imposed to stop the expansion of Covid-19 have severely damaged the tourism and hotel sector.

In addition to the major impact on business and revenues, the crisis has caused a decrease in asset values. As CBRE points out in its report A New Real Estate Horizon, properties in the retail and hotel sectors have been the hardest hit, with value losses in the double digits.

Read the full article in Spanish.