hospitality Market News: Spanish Real Estate Intelligence

Atom Hoteles Signs a Loan Agreement with Novobanco to Refurbish the Senator Spa Hotel in Cádiz

The Socimi acquired the hotel from Senator Hotels & Resorts on 3 December 2019 for €15 million in a sale and leaseback operation, whereby the Senator chain has continued as the operator and tenant of the property. At the time, the company said that it intended to refurbish the hotel.

Atom Hoteles now owns 23 hotels with more than 5,500 rooms. It was founded in January 2018 by Bankinter and GMA and has been listed on the Alternative Investment Market (MAB) since November 2018.

Azora Secures more than €500M in Financing for its New Hotel Fund

The fund, which focuses on investing in tourism and leisure (hotels and hostels) and which targets the Mediterranean Arc, will require a second round of financing to reach the maximum objective set by the company of €750 million. The fund's total investment capacity will amount to around €1.2 billion, including equity and debt.

Azora European Hotel & Lodging already owns a portfolio of 9 hotels in Spain, located in Benidorm, the Costa del Sol and Ibiza, plus another in Sicily (Italy), which together contain more than 2,000 beds. The company also owns 4 hostels located in Madrid, Bilbao, Lisbon and Brussels, which are managed by Azora itself.

Hesperia Opens Spain's second Hyatt Regency in Barcelona

Hesperia World unveiled the Hyatt Regency Barcelona Tower on 12 February 2020. It is the brand’s second hotel in Spain, following the opening of the Hyatt Regency Hesperia Madrid in September 2019, according to El Economista.

This project has arisen from the remodelling of the former Hotel Hesperia Tower, which has involved the investment of €10 million. The hotel chain retains the ownership and operational control of the property but now shares its commercial management with Hyatt. The Hyatt Regency Barcelona Tower has 280 rooms, including 14 suites and 12 duplex suites.