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Hotel The Gates Barcelona was traded for €80M
08 January 2020 | Vanessa Sousa

Hotel The Gates Barcelona changed hands. This operation was carried out last year for around 80 million euro.

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This information was reported by newspaper Expansión, quoting data from consultant CBRE, not disclosing, however, the identities of the buyer and seller of this asset located at number 205 Avenida Diagonal in Barcelona.

This hotel features several facilities, such as a gym, lounge, restaurant, meeting rooms and a business centre.

According to the newspaper’s calculations, this is one of the largest transactions to take place in Barcelona last year. The largest transaction in this rank was the purchase of the Primark at Plaça Cataluya 23, by REIT Zambal for 167 million euro from a group of investors. This is only one of the operations which were carried out in Barcelona for more than 100 million euro.

According to data from CBRE, the volume of investment in Barcelona last year reached 2.816 million euro, 44% more than the previous year.