HomeHotelThe Costa del Sol attracts international hotel investors

The Costa del Sol attracts international hotel investors

In the last year, the Costa del Sol has registered a volume of hotel investment of 560 million eurosresult of the acquisition of 21 hotels and approximately 3,047 roomsa figure very similar to that of 2022, according to the Hotel investment report in Spain 2023 prepared by Colliers. This volume represents 13.2% of the national investment in hotels, which this year has reached 4,248 million euroswhich places the province of Malaga in the top 5 destinations with the highest investment in the Spanish hotel marketwith special prominence of the international investors.

The province of Malaga has consolidated its position in the sector since 2018, since then accounting for close to 1,880 million euros in the transaction of 82 hotels totaling around 12,000 rooms. These results thus reflect the sustained confidence of investors in the Spanish hotel market, underlining the strategic role that the Costa del Sol has played in this continued growth, especially in terms of international investors it means.

Table that reflects hotel investments in the province of Malaga in the last eight years. Source: Colliers.

A significant milestone in the last year has been the entry into the shareholding of HIP by the Singapore sovereign fund GIC, as published HOSTELTUR tourism news. The transaction, the most prominent of the year, includes an important portfolio on the Costa del Sol, encompassing seven hotels with approximately 600 rooms. Among the properties included are renowned establishments such as the Guadalmina Spa & Golf Resort, the Meliá Marbella Estepona and the AC Málaga Palacio.

In addition, the portfolio transaction was carried out Equity Real Estatethe hotel vehicle originated through an operation of sale & leaseback made by the founders of Tryp, just before the sale of the chain to Sol Meliá in 2000. This portfolio includes two hotels on the Costa del Sol: Meliá Marbella Banús and Sol Guadalmar.

The Costa del Sol attracts international hotel investors

The province of Malaga has captured 13.2% of national investment in hotels in 2023, according to data from the consulting firm. Source: Colliers.

but there is more relevant transactions in the province of Malaga. Among them stand out the acquisition of the Molina Lario hotel by Meridia Capitalthe purchase of two hotels in Ronda owned by Unicaja by Catalonia Hotels & Resortsthe acquisition of NH Marbella by Socimi General of Shopping Galleries for an amount of 19.4 million euros, and the award of the Royal Al-Andalus hotel by BlueSea Hotelsan entity controlled by the Portobello Capital fund.

More information about these operations:

– The European Commission approves the operation of the 17 Meliá and ADIA hotels

– HIP adds the institutional fund GIC to its shareholding

– Meridia Capital acquires the Hotel Gallery and the Molina Lario for €85 million

– Catalonia Hotels buys two hotels it rented in Ronda

– Portobello Capital acquires Blue Sea Hotels

Buyer profile

Regarding the buyer profile, the Costa del Sol has consistently demonstrated its attractiveness for international investorswhich account for two thirds of the total investment volume since 2018. This pattern has continued in 2023, a year in which they have represented about 62% of the investmentfollowed by the nationals with 17%.

As highlighted by Laura Hernando, general director of Hotels at Colliers, “the dynamic activity in transactions and the persistence in the investment of hotel assets underline the robustness of the hotel market on the Costa del Solone of the best positioned nationally, which continues to attract and increase investment interest from international capital”.

Source: Hosteltur



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