The Spanish hotel group NH Hotels, has 400 hotels in 28 countries worldwide, and wants to renew its inventory in its homeland. Six hotel openings are thus scheduled by 2018 in Spain.

The group NH Hotels, which wanted to shrink its supply of products by 13% by 2018, nonetheless announced it wanted to open 6 hotels in Spain on the same period. Barcelona, Madrid, Seville and Valencia are the cities targeted by these new projects. The investment will be variable, with openings through management and lease contracts as well as owned properties.

The group nonetheless wants to lighten its network of 30 to 40 properties, and Hugo Rovira, Managing Director of NH Hotels in Spain, Andorra and Portugal, said, in an interview with Europa Press, that "slowly but surely" the chain will leave the low-cost segment, with an initial phase of "cleaning and pruning its portfolio, but accompanied by a growth phase."

This year the group thus wishes to sell 120 million euros of its assets to reduce its debt, and already sold NH Alanda to Marbella sold NH Sotogrande to Cádiz in Andalusia. In the first quarter 2014, the chain experienced a loss of 36.8 million euros, representing 5% less than the previous year on the same period (38.7 million euros).

In Spain, Portugal and Andorra, NH Hotels currently manages 156 hotels, but should see its portfolio evolve with these sales and openings planned between now and 2018.