Growth on the Spanish hotel investment market rocketed to 162 percent y-o-y in Q3, with transactions totaling €537m, according to CBRE. The strong performance was largely driven by increased investor demand to buy and capitalize on the market’s improving economic recovery. Deals in Q3 were reported in gateway and secondary cities as well as resort locations. A notable transaction was the five-star Pullman Barcelona Skipper, which sold for €90m.
