Hotel Investment Report 1H 2018, Spain

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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.

Hotel Investment Report 1H 2018, Spain

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Experts
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Miguel Vázquez

Managing Director

Madrid

Miguel is Manging Director of Hotels Department at Colliers International Spain. He was a founding partner of irea and Director of the Hotel Division until March 2018, when irea joined Colliers International. He is held in high regard in the hotel sector thanks to his specialist knowledge and in-depth financial approach. He focuses on offering advice to investment funds, hotel chains and hotel owners.

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Laura Hernando

Managing Director

Madrid

Laura Hernando is Managing Director of the Hotels Department at Colliers International Spain. She was  partner of irea from January 2017, when she was appointed to partner after more than ten years of professional career at the firm, until March 2018 when irea joined Colliers International. She specialises in advising on hotel sales, as well as on the sale and purchase of debt portfolios secured by hotel assets and company sales. She also has experience in structuring financing for the acquisition and development of hotels, in financial restructuring for hotel and real estate groups and in strategic consultancy for companies with interests invested in the hotel sector, including the negotiation of management contracts with hotel chains.

She began her career as an analyst in the mergers and acquisitions department at Atlas Capital Close Brothers. Laura joined the irea Hotels division in 2005.

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