"As managers and financial intermediaries, we are studying the feasibility of different hotel operations on the Andalusian coast".
The first half of 2022 has proved to be very powerful for the Costa del Sol in terms of hotel investment growth. In Malaga there have been 7 operations worth 200 million euros during this time, which means that this capital has doubled in just one year and, furthermore, that this coastal area now represents 13% of national investment, four percentage points more than a year ago.
Among the transactions announced, Brookfield's acquisition of the Hotel Palladium Costa del Sol in Benalmádena from the British fund Benson Elliot stands out. Also noteworthy is the purchase of the Hotel Los Monteros in Marbella by the Stoneweg and Bain Capital funds. This latest transaction is the second investment made by the JV on the Costa del Sol, after having acquired the H10 Andalucía Plaza in Puerto Banús.
Experts reveal the positive performance maintained by domestic demand and that, due to caution in travelling abroad, it has become the main driver of recovery in most of Spain's 'prime' destinations.
At the same time, there is a fundamental fact in these statistics: the irruption of international investment funds that are setting their sights and their bets on the Costa del Sol, given the excellent economic prospects for Malaga capital and for the entire coastal area, municipality by municipality and urbanisation by urbanisation, all the way to Cadiz.
In this regard, Yeidy Ramírez, CEO of DEXTERnotes that "As managers and financial intermediaries, we are studying the viability of different hotel operations on the Andalusian coast. They all have a common denominator: the need for private capital to upgrade facilities, to modernise and raise their standards and contribute to business growth and turnover. This is a strong trend and we are adding to it with our specialised knowledge of the real estate market".
