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HIP closes the sale of two hotels in Spain
04 October 2019 | Vanessa Sousa

In order to focus on its large hotels, Spanish Hotel Investment Partners (HIP) has already started the sale of its smaller units. This was one of the reasons that led the company to close the sale of two hotels in Spain this Thursday. Group Hotusa is the new owner of these units.

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One of the hotels is located in Malaga. The 4 star Sercotel Málaga hotel, according to newspaper Expansión, has 154 rooms. The Acteón Valencia is located in Valencia and has 187 rooms.

The transaction amount was not disclosed by the newspaper, but it is known that consultant CBRE advised HIP and that Uría Mendéndez performed legal advice.

The focus of the company specialised in the hotel segment – which is owned by American giant Blackstone – is now turned towards 4 and 5 star hotels that offer at least 200 rooms and which are located in renowned Spanish tourist locations. At the moment, the company has a 63 hotel portfolio (which corresponds to 18.728 rooms) spread out across the main Spanish and Greek tourist cities.