Because they won the bid. They were the best choice from the IOC's perspective.
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The 1992 Summer Olympic Games were held in Barcelona, Catalonia, Spain.
Barcelona hosted the XXVth Summer Games in 1992.
The 1988 Winter Olympics were held in Calgary, Canada and the 1988 Summer Olympics were held in Seoul, South Korea. The 1992 Winter Olympics were held in Albertville, France and the 1992 Summer Olympics were held in Barcelona, Spain. There were no Olympics in 1995. The 1994 Winter Olympics were held in Lillehammer, Norway and the 1996 Summer Olympics were held in Atlanta, USA.
The 1992 Summer Olympics took place in Barcelona, Spain. The 1992 Winter Olympics took place in Albertville, France.
The bidding for the 1992 Summer Olympic Games (that eventually went to Barcelona, Spain) took place in October 1986.