Home Companies Meliá, NH and...

Meliá, NH and RIU Mull Sale of Hotels to Generate Liquidity

The Riu Group Will sell three hotels in Madeira (Portugal), Lanzarote (Spain) and Panama.


Some of the largest hotels chains have been studying ways to increase their liquidity levels after months of enforced lockdowns due to the coronavirus pandemic. One increasingly common response has been selling properties while maintaining management contracts, known as sale & leaseback transactions.

According to an article in the Spanish newspaper Expansión, such operations, whether finalised or still ongoing, have reached a total of approximately one billion euros. Meliá is one of the groups to consider sale & leaseback operations and told investors while presenting its results for the fiscal year that it would continue to explore additional ways to reduce debt, including asset sales.

In a subsequent conversation with analysts, Mark Hoddinott, director of the Meliá’s real estate division, added that the group is identifying potential assets for sale worth between 150 and 200 million euros.

NH, controlled by the Thai group Minor, is also considering the sale and leaseback of several assets. According to Moody’s, the group expects to sell several assets before the summer, generating more than €200 million in additional cash. Sources at NH told Expansion that the group has always analysed the possibility of selling hotels.

Read the full article in Spanish


The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

El Corte Inglés Puts €400-Million in Logistics Centres Up for Sale

El Corte Inglés has commissioned BNP Paribas to find an investor to buy its portfolio of logistics centres where it has the goods it sells in its shops. The retail group will begin its disinvestment plan to reduce debt through the sale of logistics assets.

Pryconsa Bets on BTR with a 700-Home Portfolio in Madrid

The Colomer family owned the real estate company has told Brains.news that they are aiming to occupy an important position in the rental business, “just as we lead the market for new home sales.”

2021’s Leaders in Real Estate Investment in 2021, According to the Big Consultancy Firms

Experts from the consultancy firms EY, Knight Frank, JLL and KPMG have told Brainsre.news that there is plenty of liquidity in the real estate sector, but investors are waiting for further adjustments in many cases to asset prices.

Grupo Puma Acquires 30,000-m2 Plot of Land in the Dos Hermanas Business Park

The factory will eventually cover approximately 13,500 square metres, in a total investment of five million euros.