Spain will continue to be one of the preferred destinations for hotel investment in Europe in 2019, “explains the Managing Director Hotels of Colliers International.” The excellent tourist positioning of the country, the high liquidity existing in the market and the effect called by the The recent emergence of an investor like Blackstone in the market, make us positive about the evolution of investment activity next year, “he adds, pointing to several of the main keys.
We hope that the opportunistic funds and Value Added, clear protagonists of the investment in previous years continue giving way, in 2019, to investors of Core profile that pursue to acquire already repositioned hotels located in stabilized markets “.
For his part, also Managing Director of Hotels in the consultant, explains that “after five years of continuous growth of average prices and occupations there is some adjustment in some holiday destinations, but the health and fundamentals of the Spanish tourist sector continue to be very good ones.
“The significant investment in hotel reforms has made it possible to substantially improve the quality of the offer, this being undoubtedly the best recipe to compete with destinations that are beginning to resurface in North Africa.”
The urban hotel industry focuses investors’ appetite for maximums, which is reflected in the significant compression of yields in recent years. We expect this situation to continue in 2019 due to the scarcity of products and the context of interest rates at historic lows. ”
The Managing Director of the Barcelona office, “the asymmetric growth will continue during 2019, a year in which it will be verified that the recovery has come to stay in areas other than Madrid, Barcelona and Malaga”.
He adds that “the geostrategic, economic and tourist position of Barcelona acts as a keel in the face of political adversity, offering new windows of opportunity”.
“Valencia will consolidate in 2019, postulating – without wanting to – as an alternative for investors fleeing the instability in Catalonia.”