Transaction / AssetsDospuntos sells hotel to Internos Global Investors SellerDospuntos BuyerInternos Global Investors € MM26.75
Dospuntos Sells Hotel in Malaga to European Fund for €27 Million
8 August 2017
The Vincci Selección Posada del Patio Hotel in Malaga has been acquired by the European real estate investment fund Internos Global Investors.
Dospuntos is unloading of one of its assets. The Vincci Selección Posada del Patio Hotel in Malaga has been acquired by the European real estate investment fund Internos Global Investors for 26.75 million euros. Dospuntos, controlled by the US fund Värde Partners, was advised in the deal by the real estate consulting firm JLL.
The hotel, one of only two five-star hotels that exists in the city of Malaga, has 106 rooms and a total area of approximately 11,300 square meters spread over seven floors. Vincci Hoteles has operated the hotel since its construction in 2010 through a long-term lease.
Dospuntos was created from the former real estate development company Grupo San José (which in turn originated from the ex-Parquesol). The developer started operations with land sufficient to build 7,000 homes, to which purchases worth 2 billion euros will be added by 2025.
Original Story: EjePrime
Translation: Richard Turner