According to the National Institute of Statistics, overnight hotel stays fell by 73.3% in 2020 compared to the previous year. And that significant decline in the hotel sector has also been noticed in terms of investment. The consultancy Christie & Co estimates a year-on-year drop in the total volume of hotel investment of 62% in 2020.
Moreover, as we head into 2021, those two factors are now combining, resulting in numerous hotel operations in the pipeline. According to data compiled by Brainsre.news, there are currently at least 160 hotel establishments up for sale in Spain, located mainly in coastal destinations such as the Balearic and Canary Islands, but also in the large regional capitals such as Madrid, Barcelona, Sevilla and Valencia.
Read the full article in Spanish.