Hotel Transaction Spain
Travelodge Acquires 6 Hotels Totalling 773 Rooms in Spain from Louvre Hotels Group
The hotels are located in Alicante, Barcelona, Madrid, Malaga and Murcia.
The hotels are located in Alicante, Barcelona, Madrid, Malaga and Murcia.
CBRE Global Investors, on behalf of its clients, has acquired Hotel Exe Moncloa, a 4-star hotel located in the heart of Madrid, Spain. The hotel is leased to Hotusa and VIPS. The seller was Lonta Investments 2016 S.L., a wholly owned subsidiary of Signal Real Estates Opportunities Fund LP.
JLL has advised Turkish conglomerate Doğuş Group on the agreed sale of its luxury hotel Villa Magna, in the heart of Madrid, to Mexican asset manager RLH Properties.
Belmond Ltd. (NYSE:BEL) announced the sale of its 50% interest in the 167-room Hotel Ritz by Belmond in Madrid, Spain, to a joint venture between Mandarin Oriental International Limited and The Olayan Group. At the same time, the Company ended its agreement to manage the hotel.
Marriott International, Inc. (NASDAQ: MAR) announced that it has sold its leasehold interests in the Renaissance Barcelona Hotel to an affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP) for approximately 78 million