The luxury hotels make their way in Spain and add 2,500 new suites in the first half of the year

For years, the

occupied a mythical space in the center of Madrid.

It closed in 2012 and its place, for a few months, has been occupied by an imposing hotel where spending the night costs between 190 and 250 euros.

It has 72 rooms and suites and theirs are some of the more than 2,500 that joined the high standing circuit throughout the country between January and June 2022.

The recovery of tourism after the confinements has made Spain one of the preferred destinations for investors and international hotel brands.

Its landing in cities such as Madrid or Barcelona leaves a

with the opening of several 4 and 5-star hotels, according to data published this Monday by the real estate consultancy CBRE.

The sector has managed to overcome the delicate situation in which it was left after the pandemic.

The skies around the world were closed and tourism was completely paralyzed, dragging with it all related services, including hotels.

Some were unable to reopen after the lockdowns and others suffered a substantial price reduction, both circumstances that large funds and investors, with abundant available liquidity, have taken advantage of in recent months to take up positions.

"Hotels is the third segment that has received the most real estate investment in the first half, behind

and

says

, director of Hotels for Iberia at CBRE.

"Undoubtedly, it is a sector that continues to grow at a good pace in our country and that is once again attracting the attention of big brands."

he adds he.

In addition, "it tends towards options of greater luxury and comfort, focused on a more demanding customer and with greater capital. Little by little we will see how boutique hotels and high standing options are promoted," he concludes.

The volume invested in the first half of the year,

, gives an idea of ​​the fervent activity.

The figure is 57% above the volume transacted during the same period last year and is the best data between January and June in five years.

For their part, 4 and 5 star hotels as well as Grand Luxury have concentrated most of the investment in the same period;

specifically, 56% of the transacted hotels have been four-star hotels, and 22%, five-star and Grand Luxury hotels.

grand openings

The

took the cake in terms of openings in the segment of four and five stars.

The Ocean Drive, which has replaced the Real Cinema since February, is just one example, to which are added others such as The Madrid Edition (5* GL) and the Thompson Hotel Madrid (4).

, ​​for its part, has also opened hotels in the higher segment in recent months, such as The Hoxton Barcelona (4 stars) or the Me By Meliá (5) and the InterContinental Barcelona (5), at the end of the previous year.

The Balearic Islands

, which already led the market in terms of hotel openings in 2021, has kept up the pace in the first half of 2022 with openings such as the TRS Ibiza Hotel (5) and The Standard Ibiza (5), both hotels being the valve of entry of these brands in Europe and Spain respectively.

Other relevant openings in Spain during 2022 have been those of the Club Med Magna Marbella Resort (4) and the Hard Rock Hotel Marbella (5) in Marbella;

the Hotel Querencia de Sevilla in Seville (5);

Radisson Collection Gran Vía (5) in Bilbao, and Protur Biomar Sensatori Resort (5) in Mallorca.

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