{"id":17967,"date":"2024-09-15T15:50:40","date_gmt":"2024-09-15T15:50:40","guid":{"rendered":"https:\/\/horwathhtl.com\/?post_type=consultant&#038;p=17967"},"modified":"2025-01-14T20:03:34","modified_gmt":"2025-01-14T20:03:34","slug":"angel-perez","status":"publish","type":"consultant","link":"https:\/\/horwathhtl.com\/ca\/consultant\/angel-perez\/","title":{"rendered":"\u00c1ngel P\u00e9rez"},"content":{"rendered":"<div style=\"--hhtl-padding-top: 6; --hhtl-padding-bottom: 15;\" class=\"hhtl-consultant-info hhtl-padding hhtl-animate-global-top\">\n  <div>\n        <div class=\"grid grid-cols-1 md:grid-cols-5\">\n      <div style=\"--hhtl-padding-x: 6; --hhtl-padding-y: 0;\" class=\"hhtl-padding md:col-span-3\">\n        <h1 style=\"\" class=\"text-hhtl-indigo-light consultant-post-title hhtl-animate-global-top\">\u00c1ngel P\u00e9rez<\/h1>\n                      <h3 class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">\n                Consultant, <a style=\"text-decoration: none;\" href=\"https:\/\/horwathhtl.com\/ca\/office\/spain\/\">Barcelona, Spain<\/a>              <\/h3>\n                          <div class=\"text-hhtl-neutral-600\">\n                <p class=\"b1 hhtl-animate-global-top hhtl-animate-global-delay-2\">\u00c1ngel P\u00e9rez \u00e9s un professional experimentat a la divisi\u00f3 d&#039;Assessorament Transaccional d&#039;Horwath HTL, on exerceix un paper crucial en una s\u00e8rie d&#039;operacions de finan\u00e7ament, reestructuraci\u00f3 financera i assessorament estrat\u00e8gic a inversors privats que participen en operacions corporatives.<\/p>              <\/div>\n                          <div style=\"--hhtl-margin-top: 2.5; --hhtl-margin-bottom: 5;\" class=\"flex hhtl-margin hhtl-animate-global-top\">\n                                      <a href=\"https:\/\/www.linkedin.com\/in\/%C3%A1ngel-p%C3%A9rez-r\/\" target=\"_blank\">\n                        <div style=\"--hhtl-width: 2.5; --hhtl-height: 2.5; --hhtl-margin-y: 0; --hhtl-margin-right: 0.625;\" class=\"hhtl-social linkedin group hhtl-size flex hhtl-margin items-center justify-center rounded-full cursor-pointer\">\n                          <svg style=\"--hhtl-height: 1.35;\" class=\"hhtl-size fill-white group-hover:fill-hhtl-neutral-100 transition-colors duration-300\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                            <path d=\"M13.1 2H2.9C2.4 2 2 2.4 2 2.85V13.1C2 13.55 2.4 13.95 2.9 13.95H13.1C13.6 13.95 14 13.55 14 13.1V2.85C14 2.4 13.6 2 13.1 2ZM5.55 12.2H3.8V6.5H5.55V12.2ZM4.7 5.7C4.15 5.7 3.65 5.25 3.65 4.65C3.65 4.05 4.1 3.6 4.7 3.6C5.25 3.6 5.75 4.05 5.75 4.65C5.75 5.25 5.25 5.7 4.7 5.7ZM12.25 12.15H10.5V9.35C10.5 8.7 10.5 7.8 9.55 7.8C8.6 7.8 8.5 8.55 8.5 9.25V12.1H6.75V6.5H8.4V7.25H8.45C8.7 6.8 9.3 6.3 10.15 6.3C11.95 6.3 12.3 7.5 12.3 9.05V12.15H12.25Z\" \/>\n                          <\/svg>\n                        <\/div>\n                      <\/a>\n                                  <\/div>\n                          <div class=\"sticky top-0\">\n                <hr class=\"hhtl-animate-global-top\" \/>\n                                    <h3 class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Bio<\/h3>\n                                          <div class=\"text-hhtl-neutral-600\">\n                        <p class=\"b2 hhtl-animate-global-top hhtl-animate-global-delay-2\">\u00c1ngel P\u00e9rez ha acumulat una \u00e0mplia experi\u00e8ncia en diversos sectors, com ara operacions hoteleres i start-ups tecnol\u00f2giques en el sector de l&#039;hostaleria. La seva comprensi\u00f3 integral de la ind\u00fastria es caracteritza per una perspectiva de 360 graus, que abasta totes les etapes, des de les empreses en fase inicial fins a nivell institucional i multinacional, tant en contextos corporatius com immobiliaris.<\/p><p class=\"b2 hhtl-animate-global-top hhtl-animate-global-delay-2\"> Durant el per\u00edode de la pand\u00e8mia mundial causada pel nou coronavirus, va ser responsable de la gesti\u00f3 amb \u00e8xit de m\u00e9s d&#039;un centenar d&#039;operacions financeres, donant suport a una \u00e0mplia gamma de clients, inclosos petits propietaris d&#039;hotels i grans cadenes hoteleres internacionals. Aquest notable \u00e8xit ha refor\u00e7at la posici\u00f3 d&#039;Horwath HTL al mercat ib\u00e8ric com a empresa d&#039;assessorament preeminent en q\u00fcestions relacionades amb operacions, finances i estrat\u00e8gia.<\/p><p class=\"b2 hhtl-animate-global-top hhtl-animate-global-delay-2\"> Llicenciat en Direcci\u00f3 Hotelera per la Universitat Rovira i Virgili, M\u00e0ster Executiu en Direcci\u00f3 Hotelera per Sant Ignasi d&#039;ESADE i ha cursat un Programa de Desenvolupament Professional en Estrat\u00e8gia Corporativa Hotelera a la mateixa instituci\u00f3. Es va graduar amb matr\u00edcula d&#039;honor per la Universitat Rovira i Virgili i Sant Ignasi, i va rebre el reconeixement Port Aventura World 2019 a la millor traject\u00f2ria acad\u00e8mica.<\/p>                      <\/div>\n                                  <\/div>\n                  <\/div>\n      <div style=\"--hhtl-padding-x: 6; --hhtl-padding-y: 0;\" class=\"hhtl-padding md:col-span-2\">\n                  <div style=\"--hhtl-margin-top: 4;\" class=\"aspect-square hhtl-margin\">\n            <img decoding=\"async\" class=\"md:scale-145\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Angel-Perez.png\" alt=\"\u00c1ngel P\u00e9rez\"\/>\n          <\/div>\n          <div class=\"sticky top-0\">\n                            <div style=\"--hhtl-margin-top: 10; --hhtl-margin-bottom: 2;\" class=\"hhtl-margin\">\n                  <hr class=\"hhtl-animate-global-top\" \/>\n                  <h3 class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Dades de contacte<\/h3>\n                                          <div style=\"--hhtl-margin-bottom: 1.25;\" class=\"flex hhtl-margin items-center hhtl-animate-global-top\">\n                          <div style=\"--hhtl-width: 2.5; --hhtl-height: 2.5; --hhtl-margin-right: 1.25;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n                            <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size hhtl-icon dark\" viewBox=\"0 0 16 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                              <path d=\"M14 3H2C1.73478 3 1.48043 3.10536 1.29289 3.29289C1.10536 3.48043 1 3.73478 1 4V12C1 12.2652 1.10536 12.5196 1.29289 12.7071C1.48043 12.8946 1.73478 13 2 13H14C14.2652 13 14.5196 12.8946 14.7071 12.7071C14.8946 12.5196 15 12.2652 15 12V4C15 3.73478 14.8946 3.48043 14.7071 3.29289C14.5196 3.10536 14.2652 3 14 3ZM12.9 4L8 7.39L3.1 4H12.9ZM2 12V4.455L7.715 8.41C7.7987 8.46806 7.89813 8.49918 8 8.49918C8.10187 8.49918 8.2013 8.46806 8.285 8.41L14 4.455V12H2Z\" \/>\n                            <\/svg>\n                          <\/div>\n                          <p>\n                            <a href=\"mailto:aperez@horwathhtl.com\">aperez@horwathhtl.com<\/a>\n                          <\/p>\n                        <\/div>\n                                              <div style=\"--hhtl-margin-bottom: 1.25;\" class=\"flex hhtl-margin items-center hhtl-animate-global-top\">\n                          <div style=\"--hhtl-width: 2.5; --hhtl-height: 2.5; --hhtl-margin-right: 1.25;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n                            <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size hhtl-icon dark\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                              <path d=\"M13.0009 14.5H12.9159C3.09086 13.935 1.69586 5.645 1.50086 3.115C1.48514 2.91829 1.5084 2.72041 1.56929 2.53271C1.63019 2.345 1.72752 2.17115 1.85571 2.02113C1.98391 1.8711 2.14045 1.74784 2.31636 1.65842C2.49227 1.569 2.6841 1.51516 2.88086 1.5H5.63586C5.83614 1.49981 6.03186 1.55976 6.19767 1.67208C6.36349 1.78441 6.49175 1.94394 6.56586 2.13L7.32586 4C7.39903 4.18177 7.41719 4.38104 7.37808 4.57305C7.33897 4.76505 7.24431 4.94134 7.10586 5.08L6.04086 6.155C6.20721 7.10037 6.65995 7.97183 7.3378 8.65148C8.01566 9.33112 8.88592 9.78615 9.83086 9.955L10.9159 8.88C11.0566 8.74308 11.2345 8.65063 11.4275 8.61417C11.6204 8.57771 11.8199 8.59887 12.0009 8.675L13.8859 9.43C14.0691 9.50644 14.2255 9.63571 14.335 9.80134C14.4445 9.96696 14.5023 10.1614 14.5009 10.36V13C14.5009 13.3978 14.3428 13.7794 14.0615 14.0607C13.7802 14.342 13.3987 14.5 13.0009 14.5ZM3.00086 2.5C2.86825 2.5 2.74107 2.55268 2.6473 2.64645C2.55353 2.74022 2.50086 2.86739 2.50086 3V3.04C2.73086 6 4.20586 13 12.9709 13.5C13.0365 13.5041 13.1024 13.4951 13.1646 13.4737C13.2268 13.4522 13.2842 13.4187 13.3334 13.375C13.3827 13.3314 13.4228 13.2784 13.4515 13.2192C13.4803 13.16 13.497 13.0957 13.5009 13.03V10.36L11.6159 9.605L10.1809 11.03L9.94086 11C5.59086 10.455 5.00086 6.105 5.00086 6.06L4.97086 5.82L6.39086 4.385L5.64086 2.5H3.00086Z\" \/>\n                            <\/svg>\n                          <\/div>\n                          <p>\n                                                        <a href=\"tel:+34 932 40 28 20\">+34 932 40 28 20<\/a>\n                          <\/p>\n                        <\/div>\n                                      <\/div>\n                                <hr class=\"hhtl-animate-global-top\" \/>\n                <div>\n                  <h3 class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Equip relacionat<\/h3>\n                                          <a href=\"https:\/\/horwathhtl.com\/ca\/spain\/consultant\/antoni-cuadrada\/\" style=\"--hhtl-margin-bottom: 1.25;\" class=\"flex hhtl-margin items-center no-underline hhtl-animate-global-top\">\n                          <div style=\"--hhtl-width: 3.75; --hhtl-height: 3.75; --hhtl-margin-right: 1.25;\" class=\"hhtl-size hhtl-margin hhtl-icon-container\">\n                            <img decoding=\"async\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" \/>\n                          <\/div>\n                          <p>\n                            <b>Antoni Cuadrada<\/b>\n                            <br \/>Senior Advisor                          <\/p>\n                        <\/a>\n                        <hr \/>                                              <a href=\"https:\/\/horwathhtl.com\/ca\/spain\/consultant\/philip-bacon\/\" style=\"--hhtl-margin-bottom: 1.25;\" class=\"flex hhtl-margin items-center no-underline hhtl-animate-global-top\">\n                          <div style=\"--hhtl-width: 3.75; --hhtl-height: 3.75; --hhtl-margin-right: 1.25;\" class=\"hhtl-size hhtl-margin hhtl-icon-container\">\n                            <img decoding=\"async\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Philip-Bacon-avatar.png\" \/>\n                          <\/div>\n                          <p>\n                            <b>Philip Bacon<\/b>\n                            <br \/>Global Practice Leader Valuation Advisory                          <\/p>\n                        <\/a>\n                        <hr \/>                                              <a href=\"https:\/\/horwathhtl.com\/ca\/spain\/consultant\/irene-santos\/\" style=\"--hhtl-margin-bottom: 1.25;\" class=\"flex hhtl-margin items-center no-underline hhtl-animate-global-top\">\n                          <div style=\"--hhtl-width: 3.75; --hhtl-height: 3.75; --hhtl-margin-right: 1.25;\" class=\"hhtl-size hhtl-margin hhtl-icon-container\">\n                            <img decoding=\"async\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Irene-Santos-avi-3.png\" \/>\n                          <\/div>\n                          <p>\n                            <b>Irene Santos<\/b>\n                            <br \/>Consultant                          <\/p>\n                        <\/a>\n                        <hr \/>                                              <a href=\"https:\/\/horwathhtl.com\/spain\/consultant\/beatriz-guerra\/\" style=\"--hhtl-margin-bottom: 1.25;\" class=\"flex hhtl-margin items-center no-underline hhtl-animate-global-top\">\n                          <div style=\"--hhtl-width: 3.75; --hhtl-height: 3.75; --hhtl-margin-right: 1.25;\" class=\"hhtl-size hhtl-margin hhtl-icon-container\">\n                            <img decoding=\"async\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Profile-Image_Beatriz-Guerra.png\" \/>\n                          <\/div>\n                          <p>\n                            <b>Beatriz Guerra<\/b>\n                            <br \/>Business Development                          <\/p>\n                        <\/a>\n                                                              <\/div>\n                          <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>    <div style=\"--hhtl-padding-x: 6; --hhtl-padding-top: 0; --hhtl-padding-bottom: 15;\" class=\"hhtl-padding hhtl-projects-grid\">\n      <div>\n        <input type=\"hidden\" name=\"hhtl-random-seed\" value=\"50\" \/>\n        <input type=\"hidden\" name=\"hhtl-exclude\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-posts\" value=\"8\" \/>\n        <input type=\"hidden\" name=\"hhtl-load-more-page-size\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-relationships-to-display\" value='[\"industries\",\"capabilities\",\"focuses\"]' \/>\n        <input type=\"hidden\" name=\"hhtl-gradient-background\" value=\"1\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-columns\" value=\"4\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-by\" value=\"post_date\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-order\" value=\"desc\" \/>\n        <input type=\"hidden\" name=\"hhtl-featured-only\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-offices-include-local-offices\" value=\"0\" \/>\n        <input type=\"hidden\" name=\"hhtl-current-office-location\" value=\"\" \/>\n                      <input type=\"hidden\" name=\"hhtl-filters-offices\" value=\"[996]\" \/>\n                    <input type=\"hidden\" name=\"hhtl-highlighted-project-first-result\" value=\"0\" \/>\n                      <h3 style=\"--hhtl-margin-top: 0;\" class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Experi\u00e8ncia<\/h3>\n                          <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-1\">Passos endavant auda\u00e7os<\/h1>\n                          <div style=\"--hhtl-margin-y: 0\" class=\"hhtl-animate-global-top hhtl-animate-global-delay-2\">\n                <p class=\"b1\">Ajudem els clients a aconseguir resultats extraordinaris.<\/p>              <\/div>\n                            <div style=\"--hhtl-margin-y: 6; --hhtl-grid-gap: 1.25;\" class=\"hhtl-projects-grid-items hhtl-projects-grid-items-4 hhtl-margin hhtl-grid-gap grid\">\n                      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/structured-financing-for-capex-at-hotel-andante-princesa\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/02\/Hotel-Andante-Princesa2-1024x819.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Structured Financing for CapEx at Hotel Andante Princesa<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Raval District. Barcelona, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Assessorament en transaccions<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/structured-financing-deal-closed-for-jv-iam-capital-cats-hostels\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/02\/iAM-Capital-\u2013-CATS-Hostels-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Structured Financing Deal Closed for JV \u201ciAM Capital \u2013 CATS Hostels\u201d<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Madrid, San Sebasti\u00e1n, C\u00f3rdoba, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Assessorament en transaccions<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Actius<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/hoteles-2010-secures-e16-2m-refinancing\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/07\/Barcelona-logan-armstrong-1024x819.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Hoteles 2010 secures \u20ac16.2M refinancing<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Barcelona, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Suport operatiu<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Transaccions<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/tourism-marketing-plan-for-gijon-xixon\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-4\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/05\/pexels-altamar-29341433-1024x640.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Tourism Marketing Plan for Gij\u00f3n\/Xix\u00f3n<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Asturias, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Turisme<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Creixement, vendes i m\u00e0rqueting<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Destinacions<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/feasibility-study-for-ultra-luxury-boutique-hotel\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/10\/Ultra-Luxury-Boutique-Hotel-Al-Ula-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Ultra-Luxury Boutique Hotel Feasibility Study<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Al-Ula, Saudi Arabia<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Estrat\u00e8gia i planificaci\u00f3<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Actius<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/hotel-terrassa-park\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/img-park-hotel-08224-terrassa-38-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Rental Study for Hotel Terrassa Park<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Terrassa, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Assessorament en transaccions<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Actius<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/feasibility-study-for-taqah-mixed-use-development\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/10\/tanja-cotoaga-5W-KwRBfUoQ-unsplash-scaled-e1729256206398-1024x873.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Taqah Mixed-Use Development Feasibility Study<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Salalah, Oman<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Estrat\u00e8gia i planificaci\u00f3<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Actius<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/cofides\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-4\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/taylor-nicole-qH7nLsK_IjE-unsplash-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background gradient\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Independent Business Review for COFIDES Recapitalisation Fund<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Nationwide, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #f5a800\">Assessorament en transaccions<\/span>                <\/p>\n                              <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #e5376b\">Actius<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n                  <\/div>\n                                <div class=\"hhtl-no-projects hidden text-center\">\n                  No projects match your filter criteria                <\/div>\n                    <\/div>\n    <\/div>\n      <div style=\"--hhtl-padding-top: 0; --hhtl-padding-bottom: 15;\" class=\"hhtl-padding hhtl-insights-grid\">\n      <div>\n        <input type=\"hidden\" name=\"hhtl-random-seed\" value=\"33\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-posts\" value=\"6\" \/>\n        <input type=\"hidden\" name=\"hhtl-load-more-page-size\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-columns\" value=\"3\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-by\" value=\"post_date\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-order\" value=\"desc\" \/>\n        <input type=\"hidden\" name=\"hhtl-offices-include-local-offices\" value=\"0\" \/>\n        <input type=\"hidden\" name=\"hhtl-current-office-location\" value=\"\" \/>\n                      <input type=\"hidden\" name=\"hhtl-filters-offices\" value=\"[996]\" \/>\n                          <div style=\"--hhtl-padding-x: 6;\" class=\"hhtl-padding\">\n                                      <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-0\">Coneixements d&#039;experts<\/h1>\n                                          <div style=\"--hhtl-margin-y: 0\" class=\"hhtl-animate-global-top hhtl-animate-global-delay-1\">\n                        <p class=\"b1\">An\u00e0lisi d&#039;avantguarda.<\/p>                      <\/div>\n                                  <\/div>\n                                  <div style=\"--hhtl-margin-top: 6; --hhtl-margin-y: 0; --hhtl-padding-x: 6; --hhtl-padding-bottom: 1.25; --hhtl-grid-gap: 1.25;\" class=\"hhtl-insights-grid-items hhtl-insights-grid-items-3 hhtl-margin hhtl-padding hhtl-grid-gap grid grid-cols-[repeat(var(--no-of-cols,_4),_minmax(0,_1fr))]\">\n                    <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/fixed-income-market-under-pressure-implications-for-hotel-financing-in-2026\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item-col-span-1 hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/12\/charlotte-venema-2OxSJVGE5zM-unsplash-1024x682.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Fixed Income Market Under Pressure: Implications for Hotel Financing in 2026<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The close of 2025 sends a clear message: long-term interest rates are rising, even as central banks hint at moderating official rates in 2026. For hotel owners and investors, this \u201cdisconnect\u201d between short and long-term rates is redefining the cost of capital, debt structures and asset valuations.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" alt=\"Antoni Cuadrada\" \/>\n              <div class=\"caption\">\n                <div>Antoni Cuadrada<\/div>\n                                      <div class=\"font-normal\">\n                        Senior Advisor, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/how-macroeconomic-volatility-and-ai-are-redefining-hotel-financing-and-investment-in-spain\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/11\/Spain_Barcelona_Tourist-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">How macroeconomic volatility and AI are redefining hotel financing and investment in Spain\u00a0<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The Spanish hotel sector faces a challenging cycle where financial and operational decisions must align with a volatile macroeconomic context and an unprecedented technological transformation.          <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" alt=\"Antoni Cuadrada\" \/>\n              <div class=\"caption\">\n                <div>Antoni Cuadrada<\/div>\n                                      <div class=\"font-normal\">\n                        Senior Advisor, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/outdoor-hospitality-in-europe-the-rise-of-the-horizontal-hotel\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/06\/getty-images-XODFG8nllpg-unsplash-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Outdoor hospitality in Europe: the rise of the horizontal hotel<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          Outdoor hospitality in Europe &#8211; once seen as rustic or seasonal &#8211; is experiencing a major transformation. Spurred by the pandemic, technological advances, and investor interest, this sector is evolving into one of the most dynamic and resilient parts of the tourism landscape. Travellers are now choosing nature-based experiences, combining comfort with open-air escapes.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Irene-Santos-avi-3.png\" alt=\"Irene Santos\" \/>\n              <div class=\"caption\">\n                <div>Irene Santos<\/div>\n                                      <div class=\"font-normal\">\n                        Consultant, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/a-new-talent-cycle-in-hospitality\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/05\/Crowd-of-people-scaled-e1748596845971-1024x866.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">A new talent cycle in hospitality<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The hospitality industry is entering a new cycle of growth. Despite solid momentum in both investment and demand, it continues to face a persistent structural challenge: the shortage of qualified talent. \r\nIn this context, the way people are managed has become a critical factor, with direct implications for operational sustainability and the guest experience.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Philip-Bacon-avatar.png\" alt=\"Philip Bacon\" \/>\n              <div class=\"caption\">\n                <div>Philip Bacon<\/div>\n                                      <div class=\"font-normal\">\n                        Global Practice Leader Valuation Advisory, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/loyalty-as-a-value-multiplier-in-hospitality\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/04\/pexels-helenalopes-3215519-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Loyalty as a value multiplier in hospitality<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          Loyalty programs of major hotel chains had gained over 500 million members by the end of 2024, marking a 69% increase since 2018. (Source: Financial filings, Skift reporting)\r\nCurrently, over half of hotel stays result from loyal customers, contributing significantly to occupancy, profitability, and income stability (Source: Marriott, Hilton, Hyatt, Wyndham and Choice public filing). \r\nStrengthening loyalty programs is a strategic priority in Europe; in Spain, some chains boast over 15 million registered users, generating more than 50% of direct channel sales. (Source: Hosteltur)        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Philip-Bacon-avatar.png\" alt=\"Philip Bacon\" \/>\n              <div class=\"caption\">\n                <div>Philip Bacon<\/div>\n                                      <div class=\"font-normal\">\n                        Global Practice Leader Valuation Advisory, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/hotel-financing-challenges-in-2025\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/03\/ben-grayland-zWnPoFMTXCs-unsplash-768x1024.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Hotel financing challenges in 2025<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The modernization of Spain&#8217;s hotel sector has progressed at different speeds in recent years. \r\nWhile large hotel groups and high-category assets have successfully attracted investment for their repositioning, medium and small hotels\u2014 which constitute a fundamental part of the sector and are mostly owned by individual proprietors\u2014face a structural deficit in CAPEX investment. \r\nThis lack of resources limits their ability to modernize, affecting their competitiveness and jeopardizing their viability against large investors and hotel chains.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" alt=\"Antoni Cuadrada\" \/>\n              <div class=\"caption\">\n                <div>Antoni Cuadrada<\/div>\n                                      <div class=\"font-normal\">\n                        Senior Advisor, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n                <\/div>\n                              <div class=\"hhtl-no-insights hidden text-center\">\n                  No insights match your filter criteria                <\/div>\n                  <\/div>\n    <\/div>\n      <div style=\"--hhtl-padding-x: 6; --hhtl-padding-top: 0; --hhtl-padding-bottom: 15;\" class=\"hhtl-padding hhtl-projects-grid\">\n      <div>\n        <input type=\"hidden\" name=\"hhtl-random-seed\" value=\"37\" \/>\n        <input type=\"hidden\" name=\"hhtl-exclude\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-posts\" value=\"8\" \/>\n        <input type=\"hidden\" name=\"hhtl-load-more-page-size\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-relationships-to-display\" value='[\"industries\"]' \/>\n        <input type=\"hidden\" name=\"hhtl-gradient-background\" value=\"0\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-columns\" value=\"4\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-by\" value=\"post_date\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-order\" value=\"desc\" \/>\n        <input type=\"hidden\" name=\"hhtl-featured-only\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-offices-include-local-offices\" value=\"0\" \/>\n        <input type=\"hidden\" name=\"hhtl-current-office-location\" value=\"\" \/>\n                      <input type=\"hidden\" name=\"hhtl-filters-offices\" value=\"[996]\" \/>\n                    <input type=\"hidden\" name=\"hhtl-highlighted-project-first-result\" value=\"0\" \/>\n                      <h3 style=\"--hhtl-margin-top: 0;\" class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Experi\u00e8ncia<\/h3>\n                          <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-1\">Passos endavant auda\u00e7os<\/h1>\n                          <div style=\"--hhtl-margin-y: 0\" class=\"hhtl-animate-global-top hhtl-animate-global-delay-2\">\n                <p class=\"b1\">Ajudem els clients a aconseguir resultats extraordinaris<\/p>              <\/div>\n                            <div style=\"--hhtl-margin-y: 6; --hhtl-grid-gap: 1.25;\" class=\"hhtl-projects-grid-items hhtl-projects-grid-items-4 hhtl-margin hhtl-grid-gap grid\">\n                      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/structured-financing-for-capex-at-hotel-andante-princesa\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/02\/Hotel-Andante-Princesa2-1024x819.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Structured Financing for CapEx at Hotel Andante Princesa<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Raval District. Barcelona, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/structured-financing-deal-closed-for-jv-iam-capital-cats-hostels\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/02\/iAM-Capital-\u2013-CATS-Hostels-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Structured Financing Deal Closed for JV \u201ciAM Capital \u2013 CATS Hostels\u201d<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Madrid, San Sebasti\u00e1n, C\u00f3rdoba, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/hoteles-2010-secures-e16-2m-refinancing\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/07\/Barcelona-logan-armstrong-1024x819.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Hoteles 2010 secures \u20ac16.2M refinancing<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Barcelona, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/tourism-marketing-plan-for-gijon-xixon\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-4\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/05\/pexels-altamar-29341433-1024x640.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Tourism Marketing Plan for Gij\u00f3n\/Xix\u00f3n<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Asturias, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Turisme<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/feasibility-study-for-ultra-luxury-boutique-hotel\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/10\/Ultra-Luxury-Boutique-Hotel-Al-Ula-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Ultra-Luxury Boutique Hotel Feasibility Study<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Al-Ula, Saudi Arabia<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/hotel-terrassa-park\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/img-park-hotel-08224-terrassa-38-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Rental Study for Hotel Terrassa Park<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Terrassa, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/feasibility-study-for-taqah-mixed-use-development\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/10\/tanja-cotoaga-5W-KwRBfUoQ-unsplash-scaled-e1729256206398-1024x873.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Taqah Mixed-Use Development Feasibility Study<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Salalah, Oman<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/project\/cofides\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-projects-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-4\">\n      <div class=\"relative overflow-hidden hhtl-projects-grid-image-aspect-4\">\n        <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/taylor-nicole-qH7nLsK_IjE-unsplash-1024x683.jpg');\" class=\"bg-white absolute inset-0 bg-cover bg-center hhtl-projects-grid-image\"><\/div>\n      <\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 5 \/ 2\" class=\"hhtl-projects-grid-item-background\"><\/div>\n      <div style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin overflow-hidden\">\n        <h3 style=\"--hhtl-margin-bottom: 0;\" class=\"line-clamp-2\">Independent Business Review for COFIDES Recapitalisation Fund<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n        <p style=\"--hhtl-margin-y: 0; --hhtl-margin-bottom: 0.5;\">Nationwide, Spain<\/p>      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"caption hhtl-padding hhtl-margin\">\n                        <p class=\"caption hhtl-projects-grid-item-relationship\">\n                  <span style=\"color: #54c0e8\">Hospitalitat<\/span>                <\/p>\n                    <\/div>\n    <\/a>\n                  <\/div>\n                                <div class=\"hhtl-no-projects hidden text-center\">\n                  No projects match your filter criteria                <\/div>\n                    <\/div>\n    <\/div>\n      <div style=\"--hhtl-padding-top: 0; --hhtl-padding-bottom: 15;\" class=\"hhtl-padding hhtl-insights-grid\">\n      <div>\n        <input type=\"hidden\" name=\"hhtl-random-seed\" value=\"38\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-posts\" value=\"6\" \/>\n        <input type=\"hidden\" name=\"hhtl-load-more-page-size\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-columns\" value=\"3\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-by\" value=\"post_date\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-order\" value=\"desc\" \/>\n        <input type=\"hidden\" name=\"hhtl-offices-include-local-offices\" value=\"0\" \/>\n        <input type=\"hidden\" name=\"hhtl-current-office-location\" value=\"\" \/>\n                      <input type=\"hidden\" name=\"hhtl-filters-offices\" value=\"[996]\" \/>\n                          <div style=\"--hhtl-padding-x: 6;\" class=\"hhtl-padding\">\n                                      <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-0\">Coneixements d&#039;experts<\/h1>\n                                          <div style=\"--hhtl-margin-y: 0\" class=\"hhtl-animate-global-top hhtl-animate-global-delay-1\">\n                        <p class=\"b1\">An\u00e0lisi d&#039;avantguarda<\/p>                      <\/div>\n                                  <\/div>\n                                  <div style=\"--hhtl-margin-top: 6; --hhtl-margin-y: 0; --hhtl-padding-x: 6; --hhtl-padding-bottom: 1.25; --hhtl-grid-gap: 1.25;\" class=\"hhtl-insights-grid-items hhtl-insights-grid-items-3 hhtl-margin hhtl-padding hhtl-grid-gap grid grid-cols-[repeat(var(--no-of-cols,_4),_minmax(0,_1fr))]\">\n                    <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/fixed-income-market-under-pressure-implications-for-hotel-financing-in-2026\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item-col-span-1 hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/12\/charlotte-venema-2OxSJVGE5zM-unsplash-1024x682.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Fixed Income Market Under Pressure: Implications for Hotel Financing in 2026<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The close of 2025 sends a clear message: long-term interest rates are rising, even as central banks hint at moderating official rates in 2026. For hotel owners and investors, this \u201cdisconnect\u201d between short and long-term rates is redefining the cost of capital, debt structures and asset valuations.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" alt=\"Antoni Cuadrada\" \/>\n              <div class=\"caption\">\n                <div>Antoni Cuadrada<\/div>\n                                      <div class=\"font-normal\">\n                        Senior Advisor, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/how-macroeconomic-volatility-and-ai-are-redefining-hotel-financing-and-investment-in-spain\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/11\/Spain_Barcelona_Tourist-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">How macroeconomic volatility and AI are redefining hotel financing and investment in Spain\u00a0<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The Spanish hotel sector faces a challenging cycle where financial and operational decisions must align with a volatile macroeconomic context and an unprecedented technological transformation.          <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" alt=\"Antoni Cuadrada\" \/>\n              <div class=\"caption\">\n                <div>Antoni Cuadrada<\/div>\n                                      <div class=\"font-normal\">\n                        Senior Advisor, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/outdoor-hospitality-in-europe-the-rise-of-the-horizontal-hotel\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/06\/getty-images-XODFG8nllpg-unsplash-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Outdoor hospitality in Europe: the rise of the horizontal hotel<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          Outdoor hospitality in Europe &#8211; once seen as rustic or seasonal &#8211; is experiencing a major transformation. Spurred by the pandemic, technological advances, and investor interest, this sector is evolving into one of the most dynamic and resilient parts of the tourism landscape. Travellers are now choosing nature-based experiences, combining comfort with open-air escapes.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Irene-Santos-avi-3.png\" alt=\"Irene Santos\" \/>\n              <div class=\"caption\">\n                <div>Irene Santos<\/div>\n                                      <div class=\"font-normal\">\n                        Consultant, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/a-new-talent-cycle-in-hospitality\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/05\/Crowd-of-people-scaled-e1748596845971-1024x866.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">A new talent cycle in hospitality<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The hospitality industry is entering a new cycle of growth. Despite solid momentum in both investment and demand, it continues to face a persistent structural challenge: the shortage of qualified talent. \r\nIn this context, the way people are managed has become a critical factor, with direct implications for operational sustainability and the guest experience.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Philip-Bacon-avatar.png\" alt=\"Philip Bacon\" \/>\n              <div class=\"caption\">\n                <div>Philip Bacon<\/div>\n                                      <div class=\"font-normal\">\n                        Global Practice Leader Valuation Advisory, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/loyalty-as-a-value-multiplier-in-hospitality\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/04\/pexels-helenalopes-3215519-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Loyalty as a value multiplier in hospitality<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          Loyalty programs of major hotel chains had gained over 500 million members by the end of 2024, marking a 69% increase since 2018. (Source: Financial filings, Skift reporting)\r\nCurrently, over half of hotel stays result from loyal customers, contributing significantly to occupancy, profitability, and income stability (Source: Marriott, Hilton, Hyatt, Wyndham and Choice public filing). \r\nStrengthening loyalty programs is a strategic priority in Europe; in Spain, some chains boast over 15 million registered users, generating more than 50% of direct channel sales. (Source: Hosteltur)        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Philip-Bacon-avatar.png\" alt=\"Philip Bacon\" \/>\n              <div class=\"caption\">\n                <div>Philip Bacon<\/div>\n                                      <div class=\"font-normal\">\n                        Global Practice Leader Valuation Advisory, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/ca\/insight\/hotel-financing-challenges-in-2025\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/03\/ben-grayland-zWnPoFMTXCs-unsplash-768x1024.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Hotel financing challenges in 2025<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The modernization of Spain&#8217;s hotel sector has progressed at different speeds in recent years. \r\nWhile large hotel groups and high-category assets have successfully attracted investment for their repositioning, medium and small hotels\u2014 which constitute a fundamental part of the sector and are mostly owned by individual proprietors\u2014face a structural deficit in CAPEX investment. \r\nThis lack of resources limits their ability to modernize, affecting their competitiveness and jeopardizing their viability against large investors and hotel chains.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Antoni-Cuadrada-avi-2.png\" alt=\"Antoni Cuadrada\" \/>\n              <div class=\"caption\">\n                <div>Antoni Cuadrada<\/div>\n                                      <div class=\"font-normal\">\n                        Senior Advisor, Spain                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n                <\/div>\n                              <div class=\"hhtl-no-insights hidden text-center\">\n                  No insights match your filter criteria                <\/div>\n                  <\/div>\n    <\/div>\n  ","protected":false},"template":"","meta":{"_acf_changed":false},"role":[],"class_list":["post-17967","consultant","type-consultant","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/horwathhtl.com\/ca\/wp-json\/wp\/v2\/consultant\/17967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/horwathhtl.com\/ca\/wp-json\/wp\/v2\/consultant"}],"about":[{"href":"https:\/\/horwathhtl.com\/ca\/wp-json\/wp\/v2\/types\/consultant"}],"wp:attachment":[{"href":"https:\/\/horwathhtl.com\/ca\/wp-json\/wp\/v2\/media?parent=17967"}],"wp:term":[{"taxonomy":"role","embeddable":true,"href":"https:\/\/horwathhtl.com\/ca\/wp-json\/wp\/v2\/role?post=17967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}