{"id":113,"date":"2023-09-11T10:00:00","date_gmt":"2023-09-11T08:00:00","guid":{"rendered":"https:\/\/neuronthemes.com\/aoi\/?p=113"},"modified":"2026-04-02T10:03:13","modified_gmt":"2026-04-02T08:03:13","slug":"office-conversions-into-hotels","status":"publish","type":"post","link":"https:\/\/phghr.com\/en\/office-conversions-into-hotels\/","title":{"rendered":"Office conversions into hotels"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"113\" class=\"elementor elementor-113\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ca9def1 e-flex e-con-boxed e-con e-parent\" data-id=\"ca9def1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8de8681 elementor-widget elementor-widget-spacer\" data-id=\"8de8681\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ba8d7fb e-grid e-con-full e-con e-child\" data-id=\"ba8d7fb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-24bd75e elementor-widget elementor-widget-text-editor\" data-id=\"24bd75e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6>PHG on social media<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9334c74 elementor-widget elementor-widget-image\" data-id=\"9334c74\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"126\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/Logo_of_YouTube_2015-2017.svg_-300x126.png\" class=\"attachment-medium size-medium wp-image-8913\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/Logo_of_YouTube_2015-2017.svg_-300x126.png 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/Logo_of_YouTube_2015-2017.svg_-1024x430.png 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/Logo_of_YouTube_2015-2017.svg_-768x323.png 768w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/Logo_of_YouTube_2015-2017.svg_-1536x645.png 1536w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/Logo_of_YouTube_2015-2017.svg_-2048x860.png 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df33df7 elementor-widget elementor-widget-heading\" data-id=\"df33df7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">How to convert offices into hotels<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-146d1c4 elementor-widget elementor-widget-text-editor\" data-id=\"146d1c4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The rise of remote work, even after the Covid crisis has passed, has significantly reduced office building occupancy, especially in cities like Madrid and Barcelona. At the same time, in Spain, the office assets yields very rarely surpasses that of hotel assets. The recent trend in office yields reflects a discouraging outlook and hotels become the perfect solution.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0aca528 e-flex e-con-boxed e-con e-parent\" data-id=\"0aca528\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf3d72e elementor-hidden-mobile elementor-widget elementor-widget-video\" data-id=\"cf3d72e\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/IagOwareVrc&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f4d16f8 e-flex e-con-boxed e-con e-parent\" data-id=\"f4d16f8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-313edc5 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-video\" data-id=\"313edc5\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtube.com\\\/shorts\\\/Mz2V2xwcHHo?feature=share&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-612ae4c e-flex e-con-boxed e-con e-parent\" data-id=\"612ae4c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2ba687f elementor-widget elementor-widget-text-editor\" data-id=\"2ba687f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p id=\"ember53\" class=\"ember-view reader-text-block__paragraph\">These new working habits, when analysed in the context of Spain\u2019s consolidation as a leading global tourism power, increasingly position the conversion of offices as a compelling opportunity to create long-term value for office owners.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5a2f868 e-flex e-con-boxed e-con e-parent\" data-id=\"5a2f868\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5b27394 elementor-widget elementor-widget-heading\" data-id=\"5b27394\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Very strong value generation potential<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-29a6c14 e-flex e-con-boxed e-con e-parent\" data-id=\"29a6c14\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2e45394 elementor-widget elementor-widget-text-editor\" data-id=\"2e45394\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"0\" data-end=\"178\">The potential volume of office-to-hotel conversions could reach a much higher level than what we are currently seeing. However, two main factors are currently slowing down this trend:<\/p><ul><li>&#8211; The typical office investor seeks minimal exposure to risk and is accustomed exclusively to fixed-rent <strong>lease agreements<\/strong>.<\/li><li data-start=\"305\" data-end=\"529\">&#8211; Converting an office building into a hotel requires an additional \u00a0<strong>investment<\/strong> and represents a long-term change in the nature of the asset, with no realistic possibility of reverting back, once it has been adapted for hotel use.<\/li><\/ul><p data-start=\"531\" data-end=\"786\" data-is-last-node=\"\" data-is-only-node=\"\">To overcome these challenges, office owners should rely on external <strong>hotel experts<\/strong> who can provide a detailed analysis of the required investment, a realistic projection of expected returns, and a clear valuation of the asset\u2019s liquidity under its new use.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c6b6049 e-flex e-con-boxed e-con e-parent\" data-id=\"c6b6049\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-814043d elementor-widget elementor-widget-heading\" data-id=\"814043d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Challenges and solutions<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ee13618 e-flex e-con-boxed e-con e-parent\" data-id=\"ee13618\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6a02621 elementor-widget elementor-widget-text-editor\" data-id=\"6a02621\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"0\" data-end=\"107\">Moreover, from an architectural and functional perspective, office-to-hotel conversions face 3 common challenges:<\/p><ul><li data-start=\"111\" data-end=\"381\"><strong data-start=\"111\" data-end=\"141\">&#8211; Limited ground floor space<\/strong>: Office buildings often have smaller ground floor areas, which are optimised for other uses such as retail, making them insufficient for a conventional hotel layout (though they may be suitable for newer, more flexible hospitality models).<\/li><li data-start=\"384\" data-end=\"555\"><strong data-start=\"384\" data-end=\"415\">&#8211; Elevator core configuration<\/strong>: Office buildings are structurally designed with elevator cores sized for higher vertical traffic than what is typically needed in a hotel.<\/li><li data-start=\"558\" data-end=\"745\"><strong data-start=\"558\" data-end=\"588\">&#8211; Natural light distribution<\/strong>: The compartmentalisation of office spaces does not always support optimal natural lighting, which can affect the layout of guest rooms in a future hotel.<\/li><\/ul><p data-start=\"747\" data-end=\"858\">Solutions to these challenges go beyond architecture and require a business strategy aligned with the property:<\/p><ul><li data-start=\"862\" data-end=\"1124\"><strong data-start=\"862\" data-end=\"911\">&#8211; Prioritising the quality of the hotel product<\/strong> over the number of stars granted by the regional tourism classification system, which implies a shift in mindset for traditional long-term asset owners (as well as for other players such as appraisers and banks).<\/li><li data-start=\"1127\" data-end=\"1411\"><strong data-start=\"1127\" data-end=\"1174\">&#8211; Partnering with more modern hotel operators<\/strong> that offer flexible accommodation models, including studios, apartments, private rooms with bunk beds, or group rooms. Some operators even combine different room types within the same building, thereby maximising operational efficiency.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-87925cc e-flex e-con-boxed e-con e-parent\" data-id=\"87925cc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d16b091 elementor-widget elementor-widget-heading\" data-id=\"d16b091\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">A unique opportunity for office owners\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-50890ab e-flex e-con-boxed e-con e-parent\" data-id=\"50890ab\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fecd438 elementor-widget elementor-widget-text-editor\" data-id=\"fecd438\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"0\" data-end=\"286\">In conclusion, the growth of tourism and the evolution of the labor market have created an unprecedented opportunity for office-to-hotel conversions in Spain and other tourism-driven markets. However, this type of transformation requires a deep knowledge of the hotel sector and a well-planned strategy.<\/p><p data-start=\"288\" data-end=\"494\" data-is-last-node=\"\" data-is-only-node=\"\">New business models in hospitality allow now for office owners to achieve higher returns with controlled risk, making this option a highly attractive alternative in certain office-to-hotel conversion scenarios.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e9254dc e-flex e-con-boxed e-con e-parent\" data-id=\"e9254dc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-06a3ea4 elementor-widget elementor-widget-spacer\" data-id=\"06a3ea4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f80852d animated-fast e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"f80852d\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;h-neuron-animation--slideUp&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-cbb07dd e-con-full e-flex e-con e-child\" data-id=\"cbb07dd\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-64772ca elementor-widget elementor-widget-heading\" data-id=\"64772ca\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Share this video<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div 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elementor-element-899fbfb elementor-widget elementor-widget-heading\" data-id=\"899fbfb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Other posts<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cc112e m-neuron-posts--thumbnail-top neuron-swiper--overflow-hidden neuron-swiper--tablet-overflow-hidden neuron-swiper--mobile-overflow-hidden neuron-arrows-animation--none elementor-invisible elementor-widget elementor-widget-neuron-posts\" data-id=\"4cc112e\" data-element_type=\"widget\" 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data-widget_type=\"neuron-posts.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"neuron-swiper\">\n\t\t\t\t<div class=\"neuron-slides-wrapper neuron-main-swiper swiper-container\" data-animation-id=\"1869c896fdce3ad9729670099caa3183\">\n\t\t\t\t\t\t<div class=\"swiper-wrapper neuron-slides\" data-masonry-id=\"1869c896fdce3ad9729670099caa3183\">\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"swiper-slide h-neuron-animation--wow m-neuron-post post-9067 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"9067\">\n\t\t\t\t\t\t\t\t<div class=\"m-neuron-post__inner m-neuron-post__inner--classic\">\n        \n        <a class=\"m-neuron-post__thumbnail--link\"  href=\"https:\/\/phghr.com\/en\/office-conversions-into-hotel-use\/\"><div class=\"m-neuron-post__thumbnail\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1182\" height=\"664\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ.webp 1182w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-300x169.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-1024x575.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-768x431.webp 768w\" sizes=\"(max-width: 1182px) 100vw, 1182px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/office-conversions-into-hotel-use\/\">Office Conversions into Hotels<\/a><\/h3><div class=\"m-neuron-post__excerpt\">The rise of remote working \u2014 even after the end of COVID \u2014 has<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 02\/11\/2025<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/articles\/\">Articles<\/a><\/span> <\/span>        \n    <\/div>\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"swiper-slide h-neuron-animation--wow m-neuron-post post-111 post type-post status-publish format-standard has-post-thumbnail hentry category-case-study tag-benidorm tag-caso-de-exito\" data-id=\"111\">\n\t\t\t\t\t\t\t\t<div class=\"m-neuron-post__inner m-neuron-post__inner--classic\">\n        \n        <a class=\"m-neuron-post__thumbnail--link\"  href=\"https:\/\/phghr.com\/en\/hotel-repositioning-in-spain\/\"><div class=\"m-neuron-post__thumbnail\"><img decoding=\"async\" width=\"1772\" height=\"2201\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg.jpg 1772w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg-242x300.jpg 242w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg-824x1024.jpg 824w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg-768x954.jpg 768w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg-1237x1536.jpg 1237w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/Untitled.2jpg-1649x2048.jpg 1649w\" sizes=\"(max-width: 1772px) 100vw, 1772px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/hotel-repositioning-in-spain\/\">Success case study: Mercure Benidorm<\/a><\/h3><div class=\"m-neuron-post__excerpt\">PHG advised a family-owned company in the complete repositioning of a classic 3-star tour<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 01\/01\/2019<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/case-study\/\">Case study<\/a><\/span> <\/span>        \n    <\/div>\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"swiper-slide h-neuron-animation--wow m-neuron-post post-116 post type-post status-publish format-standard has-post-thumbnail hentry category-case-study tag-casos-de-exito tag-hotel tag-oaktree\" data-id=\"116\">\n\t\t\t\t\t\t\t\t<div class=\"m-neuron-post__inner m-neuron-post__inner--classic\">\n        \n        <a class=\"m-neuron-post__thumbnail--link\"  href=\"https:\/\/phghr.com\/en\/hotel-asset-management\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1044\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/250958-1.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/250958-1.webp 2048w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/250958-1-300x153.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/250958-1-1024x522.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/250958-1-768x392.webp 768w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2023\/10\/250958-1-1536x783.webp 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/hotel-asset-management\/\">Success case study: Dolce by Wyndham, Sitges<\/a><\/h3><div class=\"m-neuron-post__excerpt\">Investment fund Oaktree Capital selected PHG as asset managers for a 12-month project with<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 01\/01\/2015<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/case-study\/\">Case study<\/a><\/span> <\/span>        \n    <\/div>\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"swiper-slide h-neuron-animation--wow m-neuron-post post-9154 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"9154\">\n\t\t\t\t\t\t\t\t<div class=\"m-neuron-post__inner m-neuron-post__inner--classic\">\n        \n        <a class=\"m-neuron-post__thumbnail--link\"  href=\"https:\/\/phghr.com\/en\/how-to-convert-a-building-into-a-hotel\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1400\" height=\"519\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1FCRBhAF-d-vYeWWuUPRxBw.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1FCRBhAF-d-vYeWWuUPRxBw.webp 1400w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1FCRBhAF-d-vYeWWuUPRxBw-300x111.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1FCRBhAF-d-vYeWWuUPRxBw-1024x380.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1FCRBhAF-d-vYeWWuUPRxBw-768x285.webp 768w\" sizes=\"(max-width: 1400px) 100vw, 1400px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/how-to-convert-a-building-into-a-hotel\/\">How to Convert a Building into a Hotel<\/a><\/h3><div class=\"m-neuron-post__excerpt\">Spain is the world\u2019s second-largest destination in terms of international tourism arrivals. In mature<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 11\/22\/2022<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/articles\/\">Articles<\/a><\/span> <\/span>        \n    <\/div>\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"swiper-slide h-neuron-animation--wow m-neuron-post post-8926 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"8926\">\n\t\t\t\t\t\t\t\t<div class=\"m-neuron-post__inner m-neuron-post__inner--classic\">\n        \n        <a class=\"m-neuron-post__thumbnail--link\"  href=\"https:\/\/phghr.com\/en\/hotel-brand-selection\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1086\" height=\"724\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1BVaiQds8k48xL0TFqIvnog.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1BVaiQds8k48xL0TFqIvnog.webp 1086w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1BVaiQds8k48xL0TFqIvnog-300x200.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1BVaiQds8k48xL0TFqIvnog-1024x683.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1BVaiQds8k48xL0TFqIvnog-768x512.webp 768w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/hotel-brand-selection\/\">How to Select a Hotel Brand<\/a><\/h3><div class=\"m-neuron-post__excerpt\">Selecting the right hotel brand has a direct impact on the success and profitability<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 10\/02\/2025<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/articles\/\">Articles<\/a><\/span> <\/span>        \n    <\/div>\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"swiper-slide h-neuron-animation--wow m-neuron-post post-8962 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"8962\">\n\t\t\t\t\t\t\t\t<div class=\"m-neuron-post__inner m-neuron-post__inner--classic\">\n        \n        <a class=\"m-neuron-post__thumbnail--link\"  href=\"https:\/\/phghr.com\/en\/benefits-of-hotel-consulting\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1ipUk-gfdc-MNF5EiNgkzdQ.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1ipUk-gfdc-MNF5EiNgkzdQ.webp 1280w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1ipUk-gfdc-MNF5EiNgkzdQ-300x169.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1ipUk-gfdc-MNF5EiNgkzdQ-1024x576.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1ipUk-gfdc-MNF5EiNgkzdQ-768x432.webp 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/benefits-of-hotel-consulting\/\">Benefits of Hotel Consulting<\/a><\/h3><div class=\"m-neuron-post__excerpt\">What advantages does hotel consulting offer to hotel owners and investors?<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 03\/27\/2023<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/articles\/\">Articles<\/a><\/span> <\/span>        \n    <\/div>\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<div class=\"neuron-swiper-button neuron-swiper-button--prev\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"neuron-icon\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<span class=\"neuron-swiper-button--hidden\">Previous<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"neuron-swiper-button neuron-swiper-button--next\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"neuron-icon\"><\/div>\n\t\t\t\t\t\t\t\t\t\t<span class=\"neuron-swiper-button--hidden\">Next<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-38fe55f e-flex e-con-boxed e-con e-parent\" data-id=\"38fe55f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Converting offices into hotels is a value-creation opportunity that is turning into a solution for declining office yields. It will be key, however, to ensure that the future hotel product is properly adapted and managed by flexible operators.<\/p>\n","protected":false},"author":1,"featured_media":7350,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[60,62],"class_list":["post-113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-videos","tag-hotel","tag-oficina"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Office conversions into hotels - PHG EN<\/title>\n<meta name=\"description\" content=\"Office conversions into hotels. 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