PORTFOLIO: IBERIA FUND I
Hotel development in top tourist destination
Cava involves the development of an upscale 225-room hotel in the Plaza Europa business district of Barcelona. The site is opposite the Fira conference center in the southwest suburb of Hospitalet de Llobregat, which benefits from easy access to the city center and the international airport. This provides good visibility for the hotel to attract business and MICE (meetings, incentives, conferences and exhibitions) travelers as well as weekend or summer tourists.
Barcelona ranks fifth in Europe’s top tourist destinations, making it one of the most sought-after locations for hotel operators and hotel investors. The city of Barcelona’s moratorium on new hotel projects and the excellent location of the project make this an attractive investment opportunity for the fund.