The Fattal Hotel Group has invested in hotels that were under the Alua name.


In 2022, international investment in hotels in Spain's holiday destinations was highest in the Balearics. The annual report into hotel investment in Spain by real-estate consultancy Colliers indicates that 913 million euros were invested in 33 transactions. This was not far behind the all-time record of 947 million euros in 2018.

Standing out in this investment was the acquisition by the Fattal Hotel Group of four hotels operated in Mallorca and Ibiza under the Alua name, while the American fund Cerberus acquired the Ferrer chain of five hotels in Mallorca and one in Minorca.

Related news

The GIC fund was involved with the luxury all-inclusive Ikos Porto Petro complex, which is the first hotel in Mallorca to be operated by the Greek Ikos company. Engel & Völkers acquired a share of the 7Pines Ibiza Resort.

The most active investment funds in Spain were the Blackstone Group's HIP fund, the French fund Eurazeo and Canada's PSP Investments. There was total investment of 3,279 million euros spread across the holiday destinations - the Balearics, the Canaries, Andalusia, the Costa Brava and the Costa Blanca - as well as in Madrid and Barcelona.

In the Balearics, the view is that there has been a revaluation of the hotel assets. This is because the Balearics rate very highly in terms of health security, air connectivity and quality of the tourist offer. Colliers say that the average price per room in the Balearics (for a certain class of hotel) is at an all-time high - 168,800 euros per room.