• Transaction / Assets
    Avenida Germanías, 3
  • Seller
    na
  • Buyer
    Grupo Comatel
  • € MM

Grupo Comatel Buys a Building in Valencia to Open a New Hotel

19 June 2019 – Valencia Plaza

Grupo Comatel has purchased a new 7-storey building on Avenida Germanías, 3, in the centre of Valencia, where it plans to open an MyR hotel.

In this way, the group led by Fidel Molina is continuing to grow its portfolio in the Mediterranean city, where it has set itself the objective of becoming the main luxury hotel chain.

Comatel’s began its quest in 2017, with the opening of its first establishment, Hotel Plaza Mercado, with 24 rooms and an investment of €12.6 million.

Last year, it opened 5 more hotels with an investment of €56 million, including a luxury aparthotel on Calle Calabazas, with 13 rooms and Marqués House, located in the former Café Madrid building, with 30 rooms and a 5-star rating.

Original story: Valencia Plaza (by Begoña Torres)

Translation/Summary: Carmel Drake

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