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Hotel Investments Increase Steadily in Spain |
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Monday, July 17, 2017
Madrid.- Hotel investments in Spain has increased steadily in 2017, to 1.655 billion euros at the end of the first semester of the year.
Moreover, investments total 3.14 billion dollars from June 2016 to the same month this year.
According to statistics, 52 percent of the total investments went to the vacation segment, while the rest was allocated to urban hotels in Madrid and Barcelona, mainly.
It should be noted that the list of urban destinations where major projects are under way includes Seville, Málaga, Bilbao, San Sebastián and Valencia.
In addition, several transactions have been made, like the acquisition of Edificio España (Spain Building) in Madrid by RIU Hotels and Resorts, as well as the purchase of four hotels by London and Regional.
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