• Transaction / Assets
    Travelodge Valencia hotel
  • Seller
    Citygrove
  • Buyer
    Perial AM
  • € MM
    15

Citygrove Sells Travelodge Valencia to Perial for Approximately €15 Million

9 July 2019 – Richard D. K. Turner

Citygrove sold the building housing the Travelodge Valencia hotel to the French asset management firm Perial for more than 15 million euros. The 116-room hotel is currently leased to Travelodge Hotels, which has a guaranteed, long-term contract. The sales price results in a net yield of 5%.

Original Story: Valenciaplaza

 

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