22 January 2019 – Expansión
The French hotel chain B&B Hotels – owned by the fund PAI Partners – has sold a hotel in Viladecans (Barcelona) to the French fund Corum for €6.6 million. It is the chain’s largest hotel in Spain, with 216 rooms.
This operation follows the sale of eight hotels that the company completed last year, also to Corum. Like it did then, B&B is going to continue operating the latest asset under a rental arrangement for at least 15 years. Following the sale, B&B owns just two hotels in Spain, in Oviedo and Barcelona (…).
B&B now operates 30 establishments in Spain and plans to continue growing its portfolio in the country during 2019. Its hotels in the country are owned by funds, Socimis and family offices, such as Corum, Atom, Covivo, Doalca and Azata.
Original story: Expansión (by R.A.)
Translation: Carmel Drake