196
196
  • Transaction / Assets
    4 hotels in Cataluña & the Balearic Islands
  • Seller
    Elaia
  • Buyer
    Swiss Life
  • € MM
    50

Elaia Sells 4 Hotels in Cataluña and the Balearic Islands to Swiss Life for €50M

27 February 2020 – Brainsre.news

The hotels are located on the coast in Cataluña and the Balearic Islands and have long-term lease contracts with Pierre & Vacances, which manages three of the assets, and Hotel Atelier.

Elaia is thereby continuing with its asset rotation strategy; it used to own fourteen properties, and it announced the sale of eight last year. The company has also announced the sale of a hotel at number 40 Calle Atocha, in Madrid, according to information submitted to the MAB.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake