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Citygrove sells hotel for €15M
04 July 2019 | Vanessa Sousa

Citygrove closed this Wednesday the sale of Hotel Travelodge Valencia for 15 million euro to French investor Perial AM.



This operation was advised by consultant CBRE, which in a release mentioned that this hotel – located at number 31 da Calle Las Rosas, in Valencia – has 116 rooms spread out through three floors.

Mark Farrugia, development director at Citygrove, says about this transaction that «Perial AM’s sale shows that the group has been developing a good marketing strategy for quality hotel products during the last cycle».

Photo: Citygrove