According to CBRE, in 2018 240 transactions were closed in this sector, involving 36.500 rooms, 17% and 30% more than last year, respectively.
Expansión recalls that last year was marked by Blackstone’s takeover of REIT Hispania, and Minor International’s takeover of NH Hotels. The sale of Villamagna, in Madrid, was also one of the most important transactions of the year, The hotel portfolio transactions alone were responsible for 2.990 million euro.
Jorge Ruiz, national director at CBRE Hotels España, comments that «2018 finishes with the highest volume of investment ever in the Spanish hotel market and ends on a high a prodigious five year period in the tourism industry in our country», quotes EjePrime.