46 large hotels are for sale in the Canary Islands
The return to normality and the strength with which tourism is returning to the Canary Islands seems to have encouraged hotel owners to put their complexes on the market, in search of new owners who can make them profitable, according to the real estate portal Idealista.
In total there are 46 hotels in the archipelago for sale, which is only 5% of the 838 for sale throughout Spain. Andalusia (Costa del Sol), Catalonia (Barcelona), and the Valencian Community account for practically half of those available, while in provinces such as Cuenca, Córdoba, and Almería the availability of hotels on the market has doubled.
Although the hotels for sale are spread practically throughout all the regions of Spain, in Andalusia there are 178 hotels for sale, in Catalonia 134, and in the Valencian Community 90.
Following these are the communities of Castilla y León (78 hotels for sale), the Balearic Islands (64), Galicia (63), the Canary Islands (46), Castilla-La Mancha (38) and Madrid (35).
Regions with below 30 hotels for sale are, Aragón (29), Asturias (26), Extremadura (22) and Cantabria (15). The caboose is led by Navarra (2 hotels), Murcia, La Rioja and Euskadi (with 6 hotels each).
In three provinces, the number of hotels available to buy has more than doubled compared to a year ago: they are Cuenca (150%), Córdoba (117%), and Almería (114%). The greatest reductions, however, have occurred in Navarra (-60%), Segovia (-27%), and Zamora (-25%).