Grant Thornton launches a dedicated hotel asset management team to tap rising investment in Spain’s hospitality sector

Executive summary: Grant Thornton announced the creation of a specialized hotel asset management practice, bringing in Karan Lalwani to work alongside Javier Elizalde, who leads the BPS, Hospitality and Real Estate division. The initiative signals growing demand for professional management of hotel assets as investors and real estate funds increase their exposure to Spain’s hospitality market.

Who is involved: Grant Thornton, Karan Lalwani, Javier Elizalde, hospitality sector

Likely next: The unit may secure its first mandates from hotel owners and investors, Potential collaborations with real estate funds such as Argis for deal sourcing, Expanded service offerings covering asset valuation, repositioning and operational improvement

The firm hired Karan Lalwani to join existing hospitality director Javier Elizalde, forming a new unit focused on managing hotel assets. This move reflects increasing interest from institutional investors and real estate funds in Spanish hotels, driven by strong tourism recovery and asset‑value appreciation. By consolidating expertise, Grant Thornton aims to offer end‑to‑end advisory services for acquisitions, repositioning and operational improvements of hotel portfolios.