Proyme Buys Land from Sareb & Starts Construction at 4 Sites in Valencia

13 February 2019 – Valencia Plaza

Four residential buildings as it starts out life as a property developer. They are the figures with which the firm iHomes Urban Life is being created. It belongs to the company Proyme Grupo Gestión. The group, whose trajectory has focused exclusively on construction, decided to take advantage of the change in the cycle to develop residential projects.

Three of its projects are located in the city of Valencia and the fourth in Quart de Poblet. The largest of them is the latter, where 60 homes are being constructed in La Plaza San Rafael in the town of l’Horta Oest, on a plot acquired from Sareb. The smallest, known as Residencial Jardins del Botánic, will have 10 homes at number 16 Calle Turia.

The two remaining sites, which are both in the construction phase, are located on Avenida Primado Reig in the Valencian capital, specifically at number 136, with project Nexo Residencial, comprising 16 homes on a plot also purchased from the bad bank; and another 30 units at number 40, with project Alfa Residencial, on a larger plot before the tunnel that links to Peset Aleixandre.

According to explanations provided by sources at the group, which is originally from Algient and administered by Juan Bautista Pelufo Gayà, it is a family business with 30 years of experience, currently managed by the second generation and strengthened with personnel from other property developers (…).

Original story: Valencia Plaza (by Dani Valero)

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