This strategy will look to execute opportunistic and value add transformations on coastal hotels in distress, and turn them into income-generating assets.
As a result of the acute impact of the COVID-19 pandemic on the industry, the hospitality market is currently experiencing an unprecedented level of disruption. While there have been prior economic shocks that have significantly disrupted the accommodation sector, the virtual shutdown of the travel industry spurred by the virus has never happened before.
The financial distress caused by this has created a rare opportunity to buy hotels in popular Spanish tourist locations such as Costa del Sol and the Balearic Islands at discounts. This strategy will be targeting tourists looking for a traditional sun and beach tourism experience.