Spanish hotel investment reached over €3 billion in 2024, according to Christie & Co's latest report
International hotel property adviser, Christie & Co, has published a new report on Spanish hotel investment in 2024.
Business. Built around You.
Your expert business property advisers
According to the report, hotel investment in Spain reached a total volume of €3.3bn in 2024. The Spanish hotel market was driven by domestic capital, which accounted for 59% of total investment, positioning Spain as one of the most important hotel markets in Europe.
The analysis reveals that 51% of the assets transacted were concentrated in the urban segment, with secondary urban destinations registering a volume of investment in excess of €200mn. Barcelona and Madrid continued to be the main players in the urban segment, while the Balearic Islands dominated the holiday segment.
In terms of investor profile, hotel groups made up 38% of the total investment volume. Investment managers and firms were more conservative compared to the previous year, making up 32% compared to 82% in 2023. Meanwhile, family offices and private investors increased their interest in hotel assets significantly, reaching 30% of total investment.
The four-star category was once again the most attractive asset class, accounting for 58% of total investment. Meanwhile, there is growing investor interest in two- and three-star hotels, which accounted for 28% of the total number of rooms transacted.
Looking to the year ahead, Alberto Martín, Associate Investment Director at Christie & Co in Spain and Portugal, states, ‘From an operational perspective, the sector expects another year of record results in all indicators, following the trend set in 2024. This upward trend in the sector and the fall in interest rates will intensify investment interest in hotel assets, so the €3.3 billion volume we saw last year is expected to be repeated.’
Nicolas Cousin, Managing Director of Christie & Co in Spain and Portugal, adds, ‘Already established as a European leader in tourism revenues, Spain is positioning itself as a favourite destination for investors, with more than €3.3bn dedicated to hotel acquisitions. This year has seen significant activity from hotel operators and groups, who are taking advantage of their healthy balance sheets to reinvest in strategic assets.’
To read the report, click here: https://www.christie.com/news-resources/publications/spain-hotel-investment-report/
For further information on this press release, contact:
Jasmine Davis, Corporate Communications Manager
P: 07561 115179
E: jasmine.davis@christie.com