Post by account_disabled on Feb 20, 2024 7:10:31 GMT -5
Barcelona's hotel sector has closed 2023 with an investment of 517.6 million euros, according to data from CBRE, the leading international company in real estate consulting and services. This figure represents an increase of 118% compared to the 237 million euros recorded last year and places 2023 as the second year with the highest investment in the Catalan market since 2019, behind the record figures of 2021 (683.7 million euros).
In total, in 2023 nine assets have been Chinese Student Phone Number List transacted, six in the city of Barcelona and three in Sitges . In general terms, investment in the urban segment has predominated, with 82% of the investment. By type of asset, high-end hotels have represented more than 95% of the total invested in Barcelona, divided between 13% 4-star hotels, 51% 5-star hotels, and 33% 5-star Grand Hotels. Luxury. In this area, the sale of the Sofía and Mandarín Oriental hotels stands out especially.
“The results of the tourism industry confirm the full hotel recovery. Barcelona has been the province that has attracted the most travelers during 2023 (with data up to November), with 12.1 million travelers and representing 11.5% of the national total. Our outlook points to a favorable context for the coming months driven by stable operating results, a good rate of expected reservations and the foreseeable stabilization of rates,” said the director of Hotels in Iberia at CBRE, Jorge Ruiz .
Regarding the investor profile, in 2023 institutional investors have predominated, with 63% of the total volume. The private investor has represented 35%, while the hotel chains have undertaken 2% of the investment. Regarding the origin of capital, international buyers have dominated the market, with 86% of the total. Of these, France and Saudi Arabia have concentrated almost 80% of the total volume.
The investment concentrated in Barcelona represents 13% of the total transacted in Spain, behind the Canary Islands, the Balearic Islands, Madrid and Malaga . At the national level, the hotel sector has consolidated itself as a focus of investment, with a volume of 4.1 billion euros. Prime yields have increased 50bps throughout the year, standing at 5.25% in Madrid and Barcelona.
In total, in 2023 nine assets have been Chinese Student Phone Number List transacted, six in the city of Barcelona and three in Sitges . In general terms, investment in the urban segment has predominated, with 82% of the investment. By type of asset, high-end hotels have represented more than 95% of the total invested in Barcelona, divided between 13% 4-star hotels, 51% 5-star hotels, and 33% 5-star Grand Hotels. Luxury. In this area, the sale of the Sofía and Mandarín Oriental hotels stands out especially.
“The results of the tourism industry confirm the full hotel recovery. Barcelona has been the province that has attracted the most travelers during 2023 (with data up to November), with 12.1 million travelers and representing 11.5% of the national total. Our outlook points to a favorable context for the coming months driven by stable operating results, a good rate of expected reservations and the foreseeable stabilization of rates,” said the director of Hotels in Iberia at CBRE, Jorge Ruiz .
Regarding the investor profile, in 2023 institutional investors have predominated, with 63% of the total volume. The private investor has represented 35%, while the hotel chains have undertaken 2% of the investment. Regarding the origin of capital, international buyers have dominated the market, with 86% of the total. Of these, France and Saudi Arabia have concentrated almost 80% of the total volume.
The investment concentrated in Barcelona represents 13% of the total transacted in Spain, behind the Canary Islands, the Balearic Islands, Madrid and Malaga . At the national level, the hotel sector has consolidated itself as a focus of investment, with a volume of 4.1 billion euros. Prime yields have increased 50bps throughout the year, standing at 5.25% in Madrid and Barcelona.