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HOTELS FOR SALE ARE INCREASING IN SPAIN

Hotel data for sale in Spain.

The number of hotels for sale in Spain reached 838, up 5% more than in 2021. Three communities accounted for nearly half of the hotel offer for sale in the country. Data on hotel investments in Spain also show that transactions in the first quarter of 2022 are close to 1 billion euros.

Location of hotels for sale

In the number of hotels for sale, Andalusia stands out with 178, Catalonia 134 and Valencia Community with 90 hotels. 70% of the hotels are located in the coastal provinces.

According to the information received from the data of hotels for sale on the Idealista portal of Tourism Databank, which specializes in tourism statistics and analysis, there was an increase of 5% in 2021, while the number reached 838 by June 14, 2022.

In November last year, there were 653 hotels for sale. It means 185 more properties were released in 8 months. The Balearic Islands were among the three most oversupplied communities in 2021, but the number of hotels for sale on the islands has dropped 24% this year.

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