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.

Similar Stories:

Four new hotels to open in Bucharest this year
Four new hotels are scheduled to be delivered to the Bucharest market this year, adding 1,  »
Meininger Hotel opens in Budapest
Meininger Hotels has opened its first property in Hungary. Meininger Budapest Great Market  »
Budnex delivers Bulvar hotel in Gorzów Wielkopolski
Budnex has completed construction on the three-star Bulvar hotel in Gorzów Wielkopolski,  »
Hotel Makarska merging with Hotel Imperial
Hotel Makarska is merging with Hotel Imperial. The new company will be named Imperial Rivi  »
In Europe, the UK leads the way when it comes to new hotel projects: 119,000 rooms are cur   »
Invesco Real Estate acquired the 232-room Sheraton Grand Hotel Kraków for €70m on behal   »
The modern era for Belgrade’s hotel sector dates back just five years. Before that, the   »
The Danube Hotel Park Inn in Bratislava’s old town district has been closed for what its   »