267
267
  • Transaction / Assets
    Hotel Meliá Valencia
  • Seller
    Colony Capital
  • Buyer
    Atom
  • € MM
    42.3

Bankinter’s Socimi Atom Buys Hotel Meliá Valencia for €42.3M

23 May 2019 – Levante EMV

Bankinter’s Socimi Atom has purchased the Hotel Meliá Valencia on Avenida Cortes Valencianas from the company Colony Capital for €42.3 million, according to sources close to the operation.

Colony Capital acquired the 117-metre tall property last year when it purchased the fund Continental Property Investments (CPI). In turn, Continental Property bought the building, which was operated under the Hilton brand originally, in January 2011.

Original story: Levante EMV (by Ramón Ferrando)

Translation/Summary: Carmel Drake