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5 Keys Madrid vs Barcelona 2017

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2017 was an exceptional year for tourism in Madrid, with RevPAR climbing a staggering +14.4%. Meanwhile, Barcelona managed to counterbalance the negative effects of the Catalan socio-political crisis, thanks to a strong first half of the year. Growth has been more moderate in Madrid during H1 2018, while RevPAR has been falling in Barcelona.

Madrid’s hotel supply has been increasing in quality, with 1,800 new rooms in the pipeline, half of which will be 5* or Luxury 5*. In Barcelona, the last hotels that were approved prior to the moratorium are now beginning to open for business.

Hotel investment was much greater in Madrid than in Barcelona during 2017. So far this year, investment in both cities has been focused on portfolio deals, while property acquisitions for conversion to hotel use are being slowed down by new planning regulations. Find out more about the 5 key areas of the hotel market in both cities.

5 Keys Madrid vs Barcelona 2017

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Related Experts

Laura Hernando

Managing Director

Madrid

Laura Hernando is Managing Director of the Hotels Department at Colliers International Spain. She was  partner of irea from January 2017, when she was appointed to partner after more than ten years of professional career at the firm, until March 2018 when irea joined Colliers International. She specialises in advising on hotel sales, as well as on the sale and purchase of debt portfolios secured by hotel assets and company sales. She also has experience in structuring financing for the acquisition and development of hotels, in financial restructuring for hotel and real estate groups and in strategic consultancy for companies with interests invested in the hotel sector, including the negotiation of management contracts with hotel chains.

She began her career as an analyst in the mergers and acquisitions department at Atlas Capital Close Brothers. Laura joined the irea Hotels division in 2005.

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Miguel Vázquez

Managing Partner

Madrid

Miguel is Managing Partner of Hotels Department at Colliers International Spain. He was a founding partner of irea and Director of the Hotel Division until March 2018, when irea joined Colliers International. He is held in high regard in the hotel sector thanks to his specialist knowledge and in-depth financial approach. He focuses on offering advice to investment funds, hotel chains and hotel owners.

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