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Hotel Mojácar was sold for €8.4M
26 March 2020 | Vanessa Sousa

Last Monday REIT Colonial sold Hotel Mojácar located in Andalusia for 8.4 million euro. The identity of the new owner was not disclosed.


The amount for which the asset was traded corresponds to a «profit of 22% over its cost in December 2019», as revealed by the company in a release sent to the Comisión Nacional Del Mercado de Valores (National Securities Market Commission) this Tuesday.

For the REIT this is a non-core asset since its «focus was and continues to be the prime office segment».

At the end of 2019, the REIT reached a 12.2 billion euro Gross Asset Value, with a set of buildings spread across Madrid, Barcelona and Paris.