Previous Next
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.

Foto

 

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