Meliá Hotels International buys the Hotel Barcelona Apolo for more than 90 million

Avalanche of operations in the tourism sector after the impact of the coronavirus crisis. The hotel chain Meliá Hotels International has acquired for more than 90 million euros the Hotel Barcelona Apolo, a four-star establishment located in the center of the Catalan capital that is owned by the North American fund manager Value Partners.

As indicated by the capital company CBRE real estate In a statement this Friday, the hotel was owned until now by Värde Partners and was managed by Meliá under lease.

The hotel, which has 314 rooms and more than 17,000 square meters, is located at number 57-59 of Avenida Paral·lel -very close to the Port of Barcelona-.

The director of hotels CBRE Spain, Jorge Ruiz, has commented that the sale of the Hotel Barcelona Apolo has been “one of the great operations” that has materialized in 2021. On the other hand, CBRE has predicted a rebound in the hotel market in the second semester “with greater transactional movement.”

Hotel overnight stays

A purchase that occurs in the midst of the collapse of tourists due to the impact of the new restrictive measures imposed by the different governments to face the impact of the coronavirus crisis. The overnight stays in hotel establishments They fell 23.6% in the first six months of the year compared to the same period of 2020 due to the impact of the coronavirus pandemic on the tourism sector, as reported this Friday by the National Institute of Statistics (INE).

Only in the month of June, overnight stays in Spanish hotels exceeded the 14.1 million, which means multiplying by more than seven (+ 654.6%) those made in the same month of 2020, when there were only 1.8 million overnight stays. If the data for June of this year is compared with the same month of 2019, without a pandemic, overnight stays in hotel establishments show a decrease of 62%.

Of the 14.1 million overnight stays that took place in June of this year, those carried out by residents in Spain totaled more than 8.8 million, 63% of the total, while those of foreigners exceeded 5.2 million.