In the first half of 2018 hotel investment was once again remarkably strong. With a total investment of 1,830 million as of the end of June, Spain posted the second highest semi-annual results its history, 13% below the absolute record achieved in 2017. 

Purchases of hotel portfolios reached an investment volume of 1,048 million euros, accounting for 60% of total investment.

On the other hand, Blackstone has become the most active investor in the recent months. In terms of the geographical distribution of the investment, it is worth highlighting the recovery of secondary destinations such as Seville, Cádiz, Alicante and Valencia as well as the paralyzation registered in Barcelona.