The fund manager has purchased a plot on Paseo de Sant Joan where the Hotusa chain had been planning to build a five-star hotel.
The real estate manager Conren Tramway has acquired a plot of land located at the intersection of Paseo de Sant Joan and Avenida Vilanova, in the Eixample district of Barcelona, next to Arco del Triunfo metro station.
For more than a decade, the land has belonged to the Hotusa hotel group, which had planned to build a unique luxury hotel on the site. However, first, the refurbishment and expansion of the nearby metro station, and then the approval of the hotel moratorium launched by the city’s mayor Ada Colau when she arrived at the town hall (which prevents the opening of new hotels in the city centre) put paid to those plans. As such, the hotel group has now decided to sell the plot.