Market Report: Madrid, Spain
By Philip Bacon MRICS, FCA on October 28, 2019
Madrid is more than ever capturing the interest of international hotel investors. The hotel supply pipeline – including many international Upper Upscale and Luxury hotel brands – will significantly change the city’s landscape and tourism appeal. For some hotel groups, these projects will be their first hotel in Spain’s capital city, a presence that is clearly of great importance in one of the largest cities in Europe. The capital’s hotel market is in good shape and it looks like there will be room for further improvement.