New York (Bloomberg) -- Hotelier NH Hoteles SA will consider buying real estate assets in Spain after prices started falling, ABC reported, citing comments by Chairman Gabriele Burgio.
The cost of acquiring a building to be used as a hotel in a city accounts for 20 percent to 30 percent of the asset's revenue, Burgio said in an interview with the Spanish newspaper. NH will take a decision on its real estate investments next spring, Burgio told ABC.
