Business · Companies · 5 hrs ago
Hotel investment in Spain could reach a record €5 billion this year
Hotel investment in Spain has reached nearly €4 billion in 2026, close to the total for all of 2025.
It could rise to about €5 billion by the end of the year, if the takeover bid for Atom closes and other deals in negotiation go ahead.
That would beat the previous record of €4.8 billion, set in 2018.
Spanish hotel groups and family investors are driving many purchases, including RIU, the Matutes family and the García-Baquero family, while Turkey’s Kaya group has also entered the market.
Recent deals include RIU’s purchase of Barcelona’s Grand Hyatt for about €350 million and Kaya’s purchase of ME Barcelona for about €100 million.
Investors are using cash built up after years of strong hotel results, and operators relying less on debt are less exposed to higher interest rates.
Spain’s hotel sector has recorded more than €3 billion in investment for six consecutive years, and the pending deals could determine whether this year sets a new high.
Hotel investment in Spain has reached about €4 billion so far in 2026 and could approach €5 billion by year-end.
If it reaches that level, it would exceed the previous record of €4.8 billion set in 2018.
Spanish hotel operators and family offices are among the buyers, alongside new international investors.
Major deals include RIU’s purchase of Barcelona’s Grand Hyatt for about €350 million.
Industry experts point to strong operator cash reserves and Spain’s appeal to international capital.
- Who
- Hotel operators, Spanish family offices and international investors are buying hotel assets.
- What
- Hotel investment in Spain has reached about €4 billion and could approach €5 billion this year.
- When
- In 2026; the figures are reported on November 4.
- Where
- Spain.
- Why
- Hotel operators have abundant liquidity after several years of good operating results, while the market attracts capital.
This story does not have two clearly opposing sides.
Hotel investment in Spain set a record of €4.8 billion.
Hotel investment reached levels described as exceptional.
Investment in hotel assets reached about €4 billion.
Investment could approach €5 billion if the Atom takeover offer closes and other deals under negotiation proceed.
- Investment so far in 2026
- About €4 billion
- Possible 2026 total
- Nearly €5 billion
- Previous record
- €4.8 billion in 2018
- RIU purchase
- Barcelona’s Grand Hyatt for about €350 million
- Matutes transaction
- 75% stake in three hotels for about €180 million
- Calena Partners acquisitions
- Three hotels in Mallorca and Gran Canaria for €200 million
What people are saying
Hotel chains have abundant liquidity after several years of good operating results and are taking the opportunity to acquire distinctive assets
Spain is one of the most liquid and attractive hotel markets globally, ranking in the top 3 in Europe and top 5 worldwide for investment volume and ability to attract international capital