Merlin to finalize the sale of its €500m hotel portfolio

Merlin to finalize the sale of its €500m hotel portfolio

Published at: 2016-12-29 09:29 | Author: CIJ Journal
Merlin is planning to finalize the sale of its hotels to the French investor Socimi Foncière des Régions for €500m. Market sources claim it would be the largest operation carried out by Socimi in 2016, excluding the integration of Merlin and Metrovacesa. CBRE advised during the transaction process. The assets include 29 hotels operated by different chains, including the Eurostars Grand Marina in Barcelona and the NH Sanvy in Madrid. Hotels that share buildings with offices will be left out of the transaction, such as the Eurostars Torre Castellana and the Novotel de Barcelona.

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