- The regions that concentrate the greatest stock of hotels in Idealista kid are all coastal, headed by the Balearic Islands and Malaga with more than 90 hotels in the market each
At least 1,079 hotels are for sale in Spain Europa Press
According to the idealista portal, 1,079 buildings with a hotel license were looking for a buyer in November, 13.6% more than the previous month
- According to TopHotelProjects, in 2022 Spain has had at least 75 new hotel projects this year, totaling an overall of 14,225 rooms
hotel for sale in
Cala d’ Or, Mallorca, for 6,380,000 euros. 1,300 square cities built on two floors. good condition In Malaga, in the heart of the capital, we find another hotel for sale: 4,500,000 euros. “Unique in the market!” says its ad on the website of Idealista.
These are just two examples of the 1,079 hotel license fool buildings looking for a buyer on that website. The number of this type of properties for sale has grown by 13.6% on the retail purchase-sale website closing of October compared to the same month of 2021.
The sector is experiencing an accordion effect: while the number of hotels for sale grows, new establishments continue to open . According to data from TopHotelProjects, Spain has had at least
The two child trends are compatible in a context in which the sector promotes the quality of new businesses and condemns establishments that, due to age or lack of quality, have requested attractiveness to close .
A context for the strongest
In fact, most of the new establishments opened this year -or in the pipeline- are 5-star hotels, with Madrid as the predominant location. Overall,
37 will be hotels will be 5-star luxury and reach 7,333 rooms. While the remaining 38 hotels, which will be 4 stars, have a total of 6,892 rooms.
Apart from new business models, for Idealista, the uncertain economic situation due to the war in Ukraine, the rate of
inflation shot up in Europe and the consequent action of the Central Bank European Union (ECB) with the rise in interest rates of the money is affecting the tourism sector and, specifically, the hotel industry in Spain. Interior and coast
The Idealista report highlights that the increase in the supply of these establishments in the market compared to the previous year is higher in inland provinces, such as
The exception is the
Region of Murcia, important beach destination, where hotels for sale have also doubled.
The data highlights that in important markets tourist as boy Barcelona (-22.1%), Valencia (-17.5%), Balearic Islands (-10.8%) or Castellón (-10.5%), the number of hotels for sale has decreased compared to October 2021.
Also, in Málaga the offer has increased by 28.2%, while in Madrid rises 27%, up to 47 ads. Cádiz has also shot up 69.2% and Teruel has seen the offer grow by 55.6%, with 14 hotels for sale.
Balearic Islands and Malaga, regions with more hotels for sale
Until October endings, hab ía hotel establishments for sale in all Spanish provinces, except in the autonomous cities of Ceuta and Melilla. The regions that concentrate the largest stock of hotels in Idealista are all coastal, headed by the Balearic Islands and Malaga with more than 90 hotels in the market each
They are followed by Alicante (72), Girona (69) and Barcelona (60 ), together with Las Palmas (49) and Granada (48).
On the other hand, provinces such as Álava, Albacete, Guipúzcoa, La Rioja, Lleida, Ourense, Navarra, Soria or Vizcaya have less than half a dozen properties for sale.
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