Thursday, July 16, 2020
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Mazabi to Invest €200M in the Purchase of Hotels in Spain

The Spanish 'family office' currently has around €420 million invested in hotels.

Mazabi, the family office specialising in real estate assets, is planning to invest around €200 million in the purchase of hotels, to take advantage of the current situation, given its confidence in tourism and the sector over the long-term.

The company, which currently has around €420 million euros invested in hotels, owns 11 hotels with three in the process of investment in Spain. Together, they represent 25% of the firm’s total assets.

B-Exclusives

Rental Prices Fell by 10% in Madrid and Barcelona During the State of Emergency

During the lockdown, residential rental prices in Spain decreased by 4.9% on average, with the large cities recording the greatest falls.

House Prices in Madrid Rise by More Than 45% in Five Years

The average home cost 295,927 euros in the Spanish capital at the end of March, compared to 165,280 euros on average in Spain.

How Much Does it Cost to Rent a Home in Your Area According to the Government’s Statistics?

The map prepared by Brains RE using data from the Ministry of Development's index reveals the rental prices in each municipality in Spain; and they vary quite a lot compared to other indicators.

Where are the Most Expensive Homes in Spain?

25 Spanish towns registered house sales costing more than 3,300 euros per square metre during the first quarter, including eight municipalities in the Balearic Islands.

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