Atom Hoteles Acquires Hotel in Cádiz for €15 Million

4 December 2019 –

The socimi Atom Hoteles has finalised the acquisition of a hotel in Cádiz for 15 million euros. The four-star hotel is located in the city’s historic centre.

The socimi funded the operation using equity but is also studying possible debt financing. Atom Hoteles will also sign a ten-to-twenty year management contract with Hoteles Playa group.

Original Story: Eje Prime

Adaptation/Translation: Richard D. K. Turner

Tryp Sells Valencia Feria Hotel to Toni Mayor

19 November 2019 – The hospitality group Tryp has sold the Hotel Valencia Feria to the president of the Benidorm Hotel Business Association (Hosbec), Toni Mayor. The unit, which will now be operated by Port Hotels, has 127 fully-equipped rooms, an outdoor pool, parking and gym as well as three meeting rooms. The hotel will change its name in December to the Port Feria Valencia.

This will now be Port Hotels second unit in the city of Valencia, where it also took on the Hotel Port Azafata Valencia, near the airport, last October.

Original Story: Las Províncias

Adaptation/Translation: Richard D. K. Turner

Baraka to Invest Nearly €20 Million to Acquire and Convert the Cinema Ideal into a 4-Star Hotel

8 November 2019 – Baraka is planning to convert the former Cinema Ideal in Alicante into a four-star hotel in a total investment of nearly twenty million euros. The firm is negotiating to buy the property from its current owners for approximately €6 million and to invest another 13 million euros in the renovation.

The firm is looking to convert the asset into a 60-room hotel, including a restaurant, gym and lounge bar. Baraka hopes to inaugurate the hotel in 2022. NH has agreed to operate the unit under its NH Collection brand during a 20-year lease.

Original Story: Alicante Plaza – Raúl Navarro

Adaptation/Translation: Richard D. K. Turner

Eurostars Hotels Acquires Two Hotels from HIP

4 October 2019 – Eurostars Hotels has acquired two new hotels; first, the four-star Eurostars Málaga, in the city of the same name, and, second, the 4-star Eurostars Acteón on Calle Vicente Beltrán Grimal de València in Valencia. Eurostars acquired the two units from HIP for an undisclosed amount.

Original Story: Valencia Plaza

Adaptation/Translation: Richard D. K. Turner

Eurostars Purchases Hotel Abba Centrum Alicante

5 December 2018 – Real Estate Press

The Eurostars hotel chain is growing in Alicante. Hotusa, one of the firms belonging to the group, has completed the purchase of the Hotel ABBA Centrum, which it has been negotiating since September.

The amount of the operation has not been revealed, although market sources calculate that it could fall in the range of €12 million to €15 million.

The intention of the chain is to reopen the hotel in January as the Eurostars Centrum, and so the work that it is going to carry out in the building is minimal. In fact, the hotel chain’s website is already accepting reservations for the new hotel in the centre of Alicante from next month. According to sources familiar with the operation, the Hotusa group brand will subject the property to a detailed review to get it ready and will continue to operate it without carrying out any renovation work, at least for the time being.

With this acquisition, Eurostars is growing in Alicante and is whereby adding its third 4-star establishment to its portfolio in the Alicante capital. To date, the chain operates the Eurostars Lucentum, in the former headquarters of the now defunct Banco de Alicante on Avenida de Alfonso X el Sabio, opposite the Central Market, and the Eurostars Mediterranea Plaza, in the same square as the Town Hall. In all cases, the Eurostars hotels are 4-star establishments and offer mid-range prices, in modern buildings and in iconic urban locations.

The chain has more than 100 hotels across fifty destinations, all of which are medium-high end and, in general, housed in unique buildings. The hotel arm of the group is completed with Exe Hotels (60 establishments in Europe and Latin America) and Ikonik Hotels. In addition to its own establishments, the group has around 300 establishments associated with its hotel representation division throughout the world.

In the case of Alicante capital, and in parallel to the negotiation with ABBA Centrum, the chain has also been sounding out the market in the San Juan beach area of Alicante capital, although in that case, the operation has not come to fruition. In that area, the hotel that would be best suited to Hotusa’s plans is Alicante Golf, which is currently managed by the Husa chain, but there has not been any progress on that front for the time being.

Original story: Real Estate Press

Translation: Carmel Drake

Catalonia Hotels Buys 2 Buildings in Málaga to Convert into 72-Room 4-Star Hotel

25 July 2018 – Press Release

Catalonia Hotels & Resorts has completed the purchase of two buildings in the historical centre of Málaga, whereby expanding its presence in Andalucía. This operation will involve an investment of €24 million, including the acquisition of both properties and the complete renovation of the existing homes. The purchase also involves the operation of 600 m2 of space devoted to retail premises.

The hotel, located at number 5 on the central Calle Puerta del Mar, plans to open its doors in 2020. Its installations will house 72 rooms, a restaurant, bar and fitness area.

This will be the seventh establishment for Catalonia Hotels & Resorts in Andalucía, where it already has two hotels in the town of Ronda, three in the city of Sevilla and one that it recently opened in the centre of Granada.

The company’s expansion department, led by Federico Holzmann, does not rule out continuing to study opportunities in the south of Spain. According to Holzmann, “Andalucía is a very attractive market for us, where tourism is continuing to grow. Towns such as Córdoba, Cádiz and Marbella, where we do not have a presence yet, could be interesting destinations for the expansion of our portfolio”.

At the national level, Catalonia Hotels & Resorts plans to open an establishment soon in San Sebastián and another in Bilbao, in addition to the expansions of its properties in Sevilla (Catalonia Santa Justa) and Menorca (Catalonia Mirador des Port).

In Europe, the chain is going to venture into the Italian market shortly with the upcoming opening of Catalonia Milano Centrale, and in Portugal with a new hotel in Oporto.

The 5 new projects share common traits, given that they will all be 4-star superior urban establishments, located in privileged, central and well-connected areas, and equipped with catering, leisure and wellness areas.

In addition, Catalonia Hotels & Resorts is going to expand its presence in the Caribbean with the construction of a 5-star All Inclusive resort on the Riviera Maya with 434 rooms located on the paradisiacal beach of Costa Mujeres.

Catalonia Hotels & Resorts 

A family run hotel chain founded in 1982 by the Vallet brothers. After starting out focusing on the real estate sector, the company inaugurated its first hotel establishment in 1983 to become one of the main hotel chains in Spain in just a few years. Currently, the company has 69 establishments, located in 22 different destinations: 57 hotels in Spain, two in Brussels, one in Berlin, 8 resorts in the Caribbean (4 in the Dominican Republic and 4 in Mexico) and one urban hotel in the city of Santo Domingo. At the moment, Catalonia Hotels & Resorts is a leading player in Barcelona, where it has more than 3,000 rooms.

Original story: Press Release

Translation: Carmel Drake

Iberdrola Sells 55% Of Hotel Hilton Barcelona For €80M

22 June 2017 – Expansión

Iberdrola Inmobiliaria has completed the sale of 55% of Hotel Hilton Diagonal Mar in Barcelona to the real estate division of the insurance company Axa (Axa Investment Managers- Real Assets). The operation has been closed by Axa on behalf of one of its clients, said the vendor in a statement issued on Tuesday.

The energy group’s real estate arm will retain ownership of 45% of the property. Iberdrola Inmobiliaria will receive €80 million for the percentage stake sold.

The Hotel Hilton Diagonal Mar, inaugurated in 2005, is operated by the chain Hilton Worldwide under a long-term lease contract. The four-star establishment contains 430 rooms, of which 20 are suites.

In the operation, the vendor has been advised by the consultancy firm Irea and the law firm Ashurst. Currently, Iberdrola Inmobiliaria owns a portfolio of rental assets spanning a gross leasable area (GLA) of more than 217,000 m2. Its most iconic property is the company’s headquarters in Bilbao.

Moreover, the company is developing around 300 homes, located mainly in the Community of Madrid, although it also has two projects on the coast. In addition, Iberdrola Inmobiliaria is working on a project comprising 42 villas located in the Islas del Mar area (Puerto Peñasco) of Mexico.

Original story: Expansión (by R. Ruiz)

Translation: Carmel Drake

Eurostars To Operate 2 Hotels In Zaragoza & Palermo

11 January 2015 – Expansión

Eurostars Hotels, the hotel chain owned by the Hotusa group, will manage one hotel in Palermo (Italy) and another hotel in Zaragoza. The Eurostars Centrale Palace in Palermo has 104 rooms and the Eurostars Boston in Zaragoza has 313 rooms. Both are 4-star establishments.

Original story: Expansión

Translation: Carmel Drake