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Spain's hotel owners not ready to check out as investors circle | WTVB | 1590 AM · 95.5 FM - Vimarsana News

Spain's hotel owners not ready to check out as investors circle | WTVB | 1590 AM · 95.5 FM

By Syndicated Content By Clara-Laeila Laudette and Belén Carreño MADRID (Reuters) – International real estate investors are flocking to Spain where they spy a chance to snap up hotel bargains in pandemic-hit resorts – but the hotel owners, supported by government aid schemes, are in no hurry to sell. Having enjoyed several boom years before the pandemic, most hotels are well-capitalised, with state-backed funds providing the support they need to ride out the crisis – in stark contrast to Spain’s 2008-2013 downturn, which left deep economic scars and led t...

Source: wtvbam.com