Spain has closed 2018 with the highest hotel investment volume in its history. The hotel investment figure reflects transactions of both existing hotels and development projects equating to a total of €4,810 M.

Geographically  the Canary Islands and the Balearic Islands captured the highest concentration of investor interest, with 1,631 and 944 M € respectively. Madrid was close behind reaching an investment volume of €601 M, exceeded the €349 M registered in 2017 by + 72.3%.

The Spanish investment volume in a European context equates to 22% compared to 18% in 2017, a significant increase reflecting the importance of the Spanish market within Europe. In 2019 we foresee more moderate growth rates and lower margins for operators and investors.