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D. Loulé 112/126 sells Exe Liberdade to Swiss Life
09 April 2019 | Ana Tavares

D. Loulé 112/126 S.A. sold hotel Exe Liberdade to a fund managed by Swiss Life, one of Europe’s largest insurance companies.

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Located in Lisbon’s prime area, this 3-star hotel has a total of 163 rooms spread out through 8 floors. The hotel is managed through a leasing contract with Hotusa.

The operation was advised by CBRE, which represented the seller. Duarte Morais Santos, associate director at CBRE Hotels, comments that «this is another example of how the city of Lisbon’s hotel expansion keeps growing. The number of international players investing on this type of assets keeps increasing, especially when they are located in central areas with a high tourist flow, as is the case with Exe Liberdade».

François Cédelle, Hotel Fund Manager at Swiss Life adds: «we are very happy for closing Swiss Life’s first acquisition in Portugal». He considers that «the hotel presents a very attractive and valuable proposition, in a market segment that doesn’t have much offer, and we are very excited about working with the managing company – Hotusa».