{"id":9067,"date":"2025-02-11T09:00:01","date_gmt":"2025-02-11T07:00:01","guid":{"rendered":"https:\/\/phghr.com\/en\/?p=9067"},"modified":"2026-04-04T12:05:11","modified_gmt":"2026-04-04T10:05:11","slug":"office-conversions-into-hotel-use","status":"publish","type":"post","link":"https:\/\/phghr.com\/en\/office-conversions-into-hotel-use\/","title":{"rendered":"Office Conversions into Hotels"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9067\" class=\"elementor elementor-9067\">\n\t\t\t\t<div class=\"elementor-element elementor-element-154c4a4b e-flex e-con-boxed e-con e-parent\" data-id=\"154c4a4b\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-31983d25 e-con-full e-flex e-con e-child\" data-id=\"31983d25\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d5ed66d elementor-widget elementor-widget-spacer\" data-id=\"d5ed66d\" 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-4be09d2 e-grid e-con-full e-con e-child\" data-id=\"4be09d2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a98ace1 elementor-widget elementor-widget-text-editor\" data-id=\"a98ace1\" 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 articles<\/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-379cc28 elementor-widget elementor-widget-image\" data-id=\"379cc28\" 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=\"75\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/04\/LinkedIn_2021.svg-300x75.png\" class=\"attachment-medium size-medium wp-image-7436\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/04\/LinkedIn_2021.svg-300x75.png 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/04\/LinkedIn_2021.svg-1024x256.png 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/04\/LinkedIn_2021.svg-768x192.png 768w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/04\/LinkedIn_2021.svg-1536x384.png 1536w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/04\/LinkedIn_2021.svg-2048x512.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-55d842f9 elementor-widget elementor-widget-heading\" data-id=\"55d842f9\" 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\">Office conversions into hotels<\/h4>\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-29b7d2a3 e-con-full e-flex e-con e-child\" data-id=\"29b7d2a3\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1415c9f6 elementor-widget elementor-widget-image\" data-id=\"1415c9f6\" 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 fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-1024x575.webp\" class=\"attachment-large size-large wp-image-9069\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-1024x575.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-300x169.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ-768x431.webp 768w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IYRtkx9HZHZqWhidGxE8cQ.webp 1182w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\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<div class=\"elementor-element elementor-element-596cf17a e-con-full e-flex e-con e-child\" data-id=\"596cf17a\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-371f8fa7 elementor-widget elementor-widget-text-editor\" data-id=\"371f8fa7\" 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 id=\"ember53\" class=\"ember-view reader-text-block__paragraph\">The rise of remote working \u2014 even after the end of COVID \u2014 has significantly reduced office occupancy levels, particularly in leading hotel markets such as Madrid and Barcelona. At the same time, in Spain, cases where office assets outperform hotels in terms of investment returns have become increasingly rare. Recent movements in office yields reflect a clearly discouraging trend.<\/h6><p class=\"ember-view reader-text-block__paragraph\"><br \/>These new working patterns, when analysed in the context of Spain\u2019s consolidation as a leading global tourism powerhouse, position the conversion of offices into hotels as an increasingly compelling second opportunity for value creation for office asset owners.<\/p><h6 class=\"ember-view reader-text-block__paragraph\"><br \/>Very High Potential<\/h6><p class=\"ember-view reader-text-block__paragraph\"><br \/>The potential volume of office-to-hotel conversions could reach levels far higher than those currently observed. However, two main factors are, for the time being, slowing down this trend:<\/p><p>\u00a0<\/p><ul><li>&#8211; <strong>Office investors typically seek minimal risk exposure<\/strong> and are more comfortable with fixed-rent lease structures.<\/li><li><br \/>&#8211; <strong>Hotel conversion requires substantial investment<\/strong> and implies a long-term change in the nature of the asset, with no realistic option to revert to its previous use once adapted to a hotel configuration.<\/li><\/ul><p>\u00a0<\/p><p>To overcome these concerns, office owners should rely on external hotel experts, who can provide a detailed assessment of the required investment, a realistic projection of expected returns, and a clear valuation of the asset\u2019s liquidity under its new use.<\/p><h6 class=\"ember-view reader-text-block__paragraph\"><br \/>Challenges and Solutions<\/h6><p class=\"ember-view reader-text-block__paragraph\"><br \/>From an architectural and functional standpoint, office-to-hotel conversions typically face three recurring challenges:<\/p><ul><li class=\"ember-view reader-text-block__paragraph\"><br \/>&#8211; <strong>Limited ground-floor space:<\/strong> Office buildings often have relatively small ground floors, frequently optimised for alternative uses such as retail, making them insufficient for a conventional hotel (though not necessarily for newer, more flexible hospitality models such as extended-stay).<\/li><li>\u00a0<\/li><li class=\"ember-view reader-text-block__paragraph\">&#8211; <strong>Elevator core configuration:<\/strong> Office buildings are structurally designed with elevator cores sized for higher vertical traffic volumes than those typically required in hotels.<\/li><li>\u00a0<\/li><li class=\"ember-view reader-text-block__paragraph\">&#8211; <strong>Natural light generation:<\/strong> Office space layouts do not always favour natural light penetration, which can affect the future hotel room distribution (less so with an extended-stay configuration)<\/li><\/ul><p>\u00a0<\/p><p class=\"ember-view reader-text-block__paragraph\">Addressing these challenges goes beyond architecture and requires a business strategy aligned with the physical characteristics of the asset:<\/p><ul><li class=\"ember-view reader-text-block__paragraph\"><br \/>&#8211; <strong>Prioritising hotel product quality over star ratings<\/strong> assigned by local tourism authorities \u2014 an approach that requires a shift in mindset for traditional office investors (and for other stakeholders such as valuers and banks).<\/li><li>\u00a0<\/li><li class=\"ember-view reader-text-block__paragraph\">&#8211; <strong>Selecting modern hotel operators<\/strong> that offer flexible accommodation models, including studios, extended-stay apartments, private rooms with bunk beds, or group rooms. Some operators even combine multiple room typologies within the same building, thereby maximising operational efficiency.<\/li><\/ul><h6><br \/>A Unique Opportunity for Office Owners<\/h6><p class=\"ember-view reader-text-block__paragraph\"><br \/>In short, tourism growth and the evolution of labour markets have created an unprecedented opportunity for office-to-hotel conversions in Spain and other tourism-driven markets. However, this transformation requires deep hospitality expertise and a well-structured strategy.<\/p><p>\u00a0<\/p><p>New hospitality business models, such as extended-stay, now allow office owners to achieve superior returns with a controlled level of risk, making office-to-hotel conversion a highly attractive alternative in certain repositioning scenarios.<\/p>\t\t\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-523726f0 e-con-full e-flex e-con e-child\" data-id=\"523726f0\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d2ecae0 elementor-widget elementor-widget-spacer\" data-id=\"d2ecae0\" 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<\/div>\n\t\t<div class=\"elementor-element elementor-element-7331c6b7 animated-fast e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"7331c6b7\" data-element_type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;h-neuron-animation--slideUp&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-72506b08 e-con-full e-flex e-con e-child\" data-id=\"72506b08\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-11c19daf elementor-widget elementor-widget-heading\" data-id=\"11c19daf\" 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 article<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5be8802d a-neuron-share-buttons-wrapper-mobile--align-center elementor-widget__width-auto a-neuron-share-buttons-skin--gradient 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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=\"b5352faa514a6314201c3734a2496222\">\n\t\t\t\t\t\t<div class=\"swiper-wrapper neuron-slides\" data-masonry-id=\"b5352faa514a6314201c3734a2496222\">\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-6886 post type-post status-publish format-standard has-post-thumbnail hentry category-news\" data-id=\"6886\">\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\/barcelona-bans-tourist-apartments\/\"><div class=\"m-neuron-post__thumbnail\"><img decoding=\"async\" width=\"1333\" height=\"950\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/10\/Untitled-e1750426252723.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/10\/Untitled-e1750426252723.jpg 1333w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/10\/Untitled-e1750426252723-300x214.jpg 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/10\/Untitled-e1750426252723-1024x730.jpg 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/10\/Untitled-e1750426252723-768x547.jpg 768w\" sizes=\"(max-width: 1333px) 100vw, 1333px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/barcelona-bans-tourist-apartments\/\">Phocuswright quotes the views of PHG on the new short term rental policies implemented in Spain<\/a><\/h3><div class=\"m-neuron-post__excerpt\">City councils all over Spain are banning tourist apartments for lack of any professional<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 06\/25\/2024<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/news\/\">News<\/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-9029 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"9029\">\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-historic-buildings-into-hotels\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1086\" height=\"610\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IPkppcUTLNWGaprOsJtU4g.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IPkppcUTLNWGaprOsJtU4g.webp 1086w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IPkppcUTLNWGaprOsJtU4g-300x169.webp 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IPkppcUTLNWGaprOsJtU4g-1024x575.webp 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1IPkppcUTLNWGaprOsJtU4g-768x431.webp 768w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/how-to-convert-historic-buildings-into-hotels\/\">How to Convert a Historic Building into a Hotel<\/a><\/h3><div class=\"m-neuron-post__excerpt\">Spain\u2019s extraordinary historic architectural heritage offers a unique opportunity to develop distinctive and highly<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 05\/20\/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-6867 post type-post status-publish format-standard has-post-thumbnail hentry category-news\" data-id=\"6867\">\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\/travel-daily-news-spain-most-important-hotel-investment-market\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1337\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-scaled.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-scaled.jpg 2560w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-300x157.jpg 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-1024x535.jpg 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-768x401.jpg 768w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-1536x802.jpg 1536w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2024\/12\/Untitled-2048x1070.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/travel-daily-news-spain-most-important-hotel-investment-market\/\">Travel Daily News discusses the investment opportunities available in the Spanish hotel market<\/a><\/h3><div class=\"m-neuron-post__excerpt\">Spain is the most attractive hotel market in the world, both in terms of<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 04\/29\/2023<\/span> <span class=\"terms\"> <a href=\"https:\/\/phghr.com\/en\/category\/news\/\">News<\/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-9089 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"9089\">\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\/regulatory-chaos-fuels-extended-stay-success\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"719\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1730748761186.jpeg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1730748761186.jpeg 1280w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1730748761186-300x169.jpeg 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1730748761186-1024x575.jpeg 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1730748761186-768x431.jpeg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/regulatory-chaos-fuels-extended-stay-success\/\">Regulatory Chaos Fuels Extended-Stay Success<\/a><\/h3><div class=\"m-neuron-post__excerpt\">While the extended-stay hotel segment has flourished in the United States for decades, other<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 11\/05\/2024<\/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-9191 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"9191\">\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\/the-rise-of-hotel-asset-management\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"741\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1671281004305.jpeg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1671281004305.jpeg 1280w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1671281004305-300x174.jpeg 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1671281004305-1024x593.jpeg 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2026\/04\/1671281004305-768x445.jpeg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/the-rise-of-hotel-asset-management\/\">The Rise of Hotel Asset Management<\/a><\/h3><div class=\"m-neuron-post__excerpt\">Three main reasons explain the growing popularity that hotel asset management has been experiencing<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 12\/19\/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-5589 post type-post status-publish format-standard has-post-thumbnail hentry category-articles\" data-id=\"5589\">\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-buy-a-hotel-in-spain\/\"><div class=\"m-neuron-post__thumbnail\"><img loading=\"lazy\" decoding=\"async\" width=\"1175\" height=\"669\" src=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/03\/7C5E5582-7D64-443A-B862-D40A5DA8FB44_1_105_c.jpeg\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/03\/7C5E5582-7D64-443A-B862-D40A5DA8FB44_1_105_c.jpeg 1175w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/03\/7C5E5582-7D64-443A-B862-D40A5DA8FB44_1_105_c-300x171.jpeg 300w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/03\/7C5E5582-7D64-443A-B862-D40A5DA8FB44_1_105_c-1024x583.jpeg 1024w, https:\/\/phghr.com\/en\/wp-content\/uploads\/2025\/03\/7C5E5582-7D64-443A-B862-D40A5DA8FB44_1_105_c-768x437.jpeg 768w\" sizes=\"(max-width: 1175px) 100vw, 1175px\" \/><\/div><\/a><h3 class=\"m-neuron-post__title\"><a href=\"https:\/\/phghr.com\/en\/how-to-buy-a-hotel-in-spain\/\">The imbalance between investment demand and asset scarcity requires careful planning.<\/a><\/h3><div class=\"m-neuron-post__excerpt\">PHG provides its recommendations on how to approach hotel acquisitions in Spain.<\/div><span class=\"m-neuron-post__meta-data\"> <span class=\"date\"> 04\/22\/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<\/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-4df03b e-con-full e-flex e-con e-child\" data-id=\"4df03b\" data-element_type=\"container\">\n\t\t\t\t<\/div>\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>The rise of remote working \u2014 even after the end of COVID \u2014 has significantly reduced office occupancy levels, particularly in leading hotel markets such as Madrid and Barcelona. <\/p>\n","protected":false},"author":1,"featured_media":9069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-9067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"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 hotel use represent a fantastic opportunity to 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