According to real estate consultancy CBRE, investment in hotels in Spain in the first quarter of 2023 was 365 million euros. This wasn't a record as it was below the figure for the first quarter of 2022, when coming out of the pandemic provoked something of a boom.
Mallorca spearheading investment in luxury hotels in Spain
Work is now advancing on the Hotel Formentor
Also in Holiday
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Major security alert at Mallorca airport, surprise landing of flights from Morocco and Namibia
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Living in a motorhome in Palma: "It'll only get worse"
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