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Owner of Hotel W Canalejas considers selling it
12 June 2019 | Vanessa Sousa

Indian entrepreneur Harry Mohinani is pondering selling his Hotel W Canalejas, in Spain, for an undisclosed amount. This hotel should open its doors in 2020.

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«Our business model is to buy when no one else is doing it. We are very happy with this Canalejas project, but we might consider selling it if the price is right », explained Mohinani in an interview to newspaper Expansión.

This is not the only hotel where the entrepreneur invested 400 million euro through his Platinum Estate group. Through his partnership with Marriott International alone, he invested 45 million euro during the last three years buying and refurbishing several units, amongst which the Hotel W Canalejas and the W Marbella, which is expected to open in 2021.

His latest project has already opened, the four star Hotel Aloft Gran Vía, with 147 rooms and which will be managed by Marriott International.