As Spanish Real Estate explains, Valencia's biggest skyscraper will change hands a few months after Colony Capital bought it in February from Continental Property Investments.
Socimis, institutional investors and family offices are the main stakeholders in the hotel business, among which the Valencian group Zriser or Axa Real Estate.
Hotel management will remain under Meliá, which has signed a 10-year exploration contract extendable in 2011.