The sale and investment in the hotel sector has boosted the average price per room, as never before in history.
According to Business Insider, 2021 was a year in which hotel investment intensified due to Covid-19, reaching 3.18 billion transacted, its third best historical record, according to Expansión. Two of the most determining characteristics when making a hotel investment were the location of the hotel and the characteristics of the service provided.
This result exceeded the expectations of specialists, who were betting that in 2021 there would only be a 26% increase in investment amounts, but they were totally wrong, as they were almost tripled compared to 2020. On the other hand, according to data from the consulting firm Colliers, last year a total of 127 hotels with 22,249 rooms were sold in Spain, while in 2020 there were 68 hotels and 7,228 rooms. On the other hand, 18 other assets changed hands, including land for hotel development and real estate for hotel conversion.
It was a very important year for the hotel sector in terms of sales, with 12 portfolios transacted with 56 hotels and 9,375 rooms. These sales, contrary to what was expected, were not characterized by large discounts; on the contrary, they resulted in an increase in the average cost of the rooms, registering higher amounts of 157,648 euros, 30% more than in 2020.
The highest price per room was the purchase by RLH Properties of the Bless hotel in Madrid from Aina Hospitality and the group of investors led by Grupo Didra for 115 million, i.e., a cost per room of more than one million euros.
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