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:

Planika buys Kursumlijska Spa from Serbia
The Serbian state has sold the Kursumlija Spa in the south of the country to the company A  »
Apex opens Hilton Garden Inn Bucharest Airport
Apex Alliance Hotel Management opened Hilton Garden Inn Bucharest Airport. The hotel, the  »
Melia to open seventh hotel in Bulgaria in 2020
Melia Hotels International is planning to open a new hotel in the Sunny Beach resort along  »
Hotel Kumbor completed along the Montenegrin coast
The new hotel Kumbor is opening along the Montenegrin coast, located near Portonovi comple  »
The largest investment conference in Southeast Europe has gathered over 350 participants f   »
Greece is on the verge of a hotel resort development boom, with over 20 greenfield project   »
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   »