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Hispania Acquires Hotel in Marbella For €21.5 Mn

16/04/2014 – Expansion

After becoming listed earlier this year, Hispania Activos Inmobiliarios closed its first purchase. The property acquired by the Spanish REIT firm is the Hotel Guadalmina SPA & Golf Resort, located in Marbella (Málaga).

Hispania paid for the four-star, 178-room Hotel Guadalmina €21.5 million. The Socimi (Spain´s real estate investment trust) stressed the property´s location at the seafront. Moreover, “it has got direct access to one of the best golf links in the luxury area of Marbella”.

Right now, the hotel is being managed by an independent firm whose tenancy contract expires in March 2015.

Hispania Activos Inmobiliarios reminds it has planned high-end investments since the very beginning.

 

 

Original article: Expansión

Translation: AURA REE

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