On the other hand, hotel investment in Spain has reached €730 million during the first quarter of the year, 15% less than last year. This slowdown is due to the increase in prices of hotel assets in our country and the shortage of supply for the purchase of assets, according to the consultant.
As said by Miguel Casas, senior director of Investment CBRE Hotels Spain and Portugal, "investors seek growth expectations in the returns of their investments and are positioning themselves in Spanish holiday risk, looking for something with more potential than in the areas we saw 2 or 3 years. This is demonstrated by the fact that many of these investors search for hotels with management agreements, where there’s usually no top on profitability."