Post by raishamisa2233 on Feb 22, 2024 1:22:22 GMT -8
Real estate managers already quantify the investment in the first half of the year at 1,000 million. It is the same figure that was achieved in all of The investor appetite for hotels in Spain is beginning to cause a price “bubble”. The number of investors interested in buying an establishment in Madrid or Barcelona has doubled and they are paying up to 30% and 40% above the starting price. The sales of the Ritz Hotel in Madrid and those affecting the Palace and Villamagna have not been common operations, in which the owners have brought these luxury establishments to the market.
“These are operations that are outside the market, in which investors and executives of interested funds contact the owners directly to buy the hotel ,” explain sources in the sector, who summarize this type of large sales of luxury hotels by comparing it with “buy a Picasso at a Christie 's auction .” It is consolidated Denmark Mobile Number List as a trend However, several real estate analysts and managers dedicated to the hotel market assure that these most notable cases are an example of a trend that is occurring at a general level in this sector . In recent times they have detected how more and more tour operators, but also companies and funds outside the sector, are looking for hotels that are “wasted” to try to get greater profitability from them.
Furthermore, in recent months and years, foreign investors are increasingly taking a leading role in these hotel purchases in Spain . In many cases these are large hotel chains that want to expand their business and have set their sights on our country, especially due to the record tourist arrival data that Spain has been recording in recent years: the forecasts that tourism will continue to improve allows companies to expect a return on investment within a few years. In search of greater profitability In parallel, another growing trend is observed: the interest of large investment funds, including some sovereigns from Persian Gulf countries, in placing their money in physical and apparently safe assets such as a hotel.
There have also been significant purchases in Madrid by investment groups from Hong Kong, among other countries. A broker in the sector explains to El Confidencial Digital that there is currently a lot of liquidity in the international investment market : as the profitability of sovereign debt has reduced - as in the case of Spanish Treasury bonds and bills, but also those of other states - They prefer to invest in assets such as hotels that can give a higher return in many cases. For just over a year, intermediary companies in the purchase and sale of hotels have detected “an enormous buyer appetite” , so that demand has increased considerably.
“These are operations that are outside the market, in which investors and executives of interested funds contact the owners directly to buy the hotel ,” explain sources in the sector, who summarize this type of large sales of luxury hotels by comparing it with “buy a Picasso at a Christie 's auction .” It is consolidated Denmark Mobile Number List as a trend However, several real estate analysts and managers dedicated to the hotel market assure that these most notable cases are an example of a trend that is occurring at a general level in this sector . In recent times they have detected how more and more tour operators, but also companies and funds outside the sector, are looking for hotels that are “wasted” to try to get greater profitability from them.
Furthermore, in recent months and years, foreign investors are increasingly taking a leading role in these hotel purchases in Spain . In many cases these are large hotel chains that want to expand their business and have set their sights on our country, especially due to the record tourist arrival data that Spain has been recording in recent years: the forecasts that tourism will continue to improve allows companies to expect a return on investment within a few years. In search of greater profitability In parallel, another growing trend is observed: the interest of large investment funds, including some sovereigns from Persian Gulf countries, in placing their money in physical and apparently safe assets such as a hotel.
There have also been significant purchases in Madrid by investment groups from Hong Kong, among other countries. A broker in the sector explains to El Confidencial Digital that there is currently a lot of liquidity in the international investment market : as the profitability of sovereign debt has reduced - as in the case of Spanish Treasury bonds and bills, but also those of other states - They prefer to invest in assets such as hotels that can give a higher return in many cases. For just over a year, intermediary companies in the purchase and sale of hotels have detected “an enormous buyer appetite” , so that demand has increased considerably.