Hotel Investment Report, Spain 2023 I Colliers

The hotel investment market in Spain reached €4,248 million in 2023 (considering existing hotels, properties for conversion to hotel use and land for hotel developments), according to data from our annual report on Hotel Investment in Spain.

Hotels have positioned as the most demanded assets in the national real estate market, accounting for 38% of total investment. In addition, our hotel market has achieved the first place in the ranking of hotel investment in Europe, behind relevant players such as the United Kingdom or Germany, usually in the top positions.

In 2023, 171 hotels and 21,748 rooms were transacted, and 34 deals were carried out on land for hotel development and real estate for hotel conversion. The vacation sector, with the Canary Islands and the Balearic Islands as investment leaders, attracted 65% of the total volume. In each of the archipelagos, 39 operations have been carried out, which together represent 46% of the national investment.

BY Laura Hernando I Colliers

Click here to download the report