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UK move to start vaccinations next week expected to boost hotel and restaurant revenues and property sales on Spain’s Costa del Sol

Press release   •   Dec 02, 2020 17:25 GMT

Boho Club Marbella - Heated pool

The UK announced today that the country plans to begin vaccinating against Covid-19 next week. Quartiers’ CEO Marcus Johansson Prakt considers it particularly positive that the UK is the first country to approve the Covid-19 vaccine following extensive trials. According to Quartiers’ CEO, the older target group, which is being prioritised for the vaccine, tends to visit the Company’s apartments during the January to May period.

Quartiers, listed on Nasdaq First North in Stockholm with operations in Spain’s Costa del Sol, welcomes the news and regards this as a decisive initial step that will help the Malaga region out of the current crisis. According to AECHOS, the regional association for the hotel and restaurant sector, the number of British guests in the province of Malaga declined by 96.9% in October 2020 compared with October 2019. The Company has managed to maintain a healthy level of sales despite this development. For example, Boho Club noted an occupancy level of 64.1% in October 2020 compared with the average for the Municipality of Marbella for the same period of 18.4%. The launch of new creative restaurant concepts has boosted food and drink sales as well, with an increase of 23.2% in October 2020 compared with the year-earlier period.

The British market previously dominated as the single largest international target group for property purchases, as well as for hotels and restaurants. Following the restrictions introduced in both Spain and the UK, the British market essentially disappeared.

The Company in brief

Quartiers Properties is a Swedish property development company with a focus on excellent design and quality, and is active on the Spanish Costa del Sol. The Company was founded in 2014 and has since built up a portfolio of investment properties and project properties. The Company develops, sells and rents out properties.

Quartiers Properties owns and manages Boho Club, which is a boutique resort in Marbella’s Golden Mile district with a restaurant and 30 hotel rooms. The project has won awards for its design and architecture, and since its launch in 2019 both the hotel and the restaurant have established themselves as leading players in Marbella. Visit Boho Club’s website www.bohoclub.com to book a hotel room or reserve a table in the restaurant. The restaurant is open daily, serving breakfast, lunch and dinner.

Quartiers Marbella Apartments is an apartment complex in Marbella’s neighbouring municipality of Benahavís, where Quartiers runs apartment rental operations. The apartments are perfectly suited as short- and long-term accommodation, and are popular among families as well as groups visiting Marbella for leisure purposes, fitness holidays or to play golf. Visit our website www.quartiersmarbella.com to book your apartment.

Hacienda Collection is an apartment project in Benahavís just outside Marbella, where Quartiers Properties is selling apartments that are ready for immediate occupancy. The apartments are located in a gated community boasting views of the Mediterranean. These apartments feature a large, open floorplan with large windows, high-end kitchen, separate laundry room and 2–3 bedrooms. The spacious terraces offer plenty of scope for spending time with family and friends. Please visit the website for further information and to book a viewing, either on site or online: www.haciendacollection.es.