The Spanish hotel market has added around 2,585 rooms in the main Spanish cities during H1 2022, with the opening of eleven four and five-star hotels, according to CBRE data.
Madrid led with the openings of the Ocean Drive (4*), The Madrid Edition (5* GL) and the Thompson Hotel Madrid (4*).
The Balearic Islands, with the TRS Ibiza Hotel (5*) and The Standard Ibiza (5*), and Marbella, with Club Med Magna Marbella Resort (4*) and the Hard Rock Hotel Marbella (5*), both saw two new additions.
The list also includes The Hoxton Barcelona (4*) in Barcelona, the Hotel Querencia de Sevilla in Seville (5*), Radisson Collection Gran Vía (5*) in Bilbao and Protur Biomar Sensatori Resort (5*) in Mallorca.
According to Jorge Ruiz, head of Hotels Iberia at CBRE, said: ‘Hotels is the third segment that has received the most real estate investment in the first half of the year, behind Living and Retail. It is undoubtedly a sector that continues to grow at a good pace in our country and is once again attracting the attention of major brands. In addition, this sector is tending towards more luxurious and comfortable options, focused on a more demanding client and with greater capital. Little by little we will see how boutique hotels and high-end options are being promoted.’
Real estate investment in the hotel sector was 57% higher year-on-year, reaching €1.7 bn, the best performance in a first half for the past five years.
Increasingly ESG criteria is a factor for hotel groups when designing and building new hotel projects.
One such example is the ME Barcelona, where 100% of the hot water is produced using the hotel's own energy.
