B&B HOTELS, a French budget hotel chain founded in Brest, Britanny in 1990 by François Brunellec of Galaxie S.A., a leading value for - money hospitality brand, CSR committed, providing affordable high - quality accommodation, boasting a large portfolio of functional and comfortable hotels in several European countries continues its portfolio expansion in the Iberian Peninsula with the recent opening of the new B&B HOTEL Gijón Centro Begoña, in Gijón, lively, coastal city in north - western Spain, the largest centre by population in the community of Asturias located on the coast of the Cantabrian Sea in the Bay of Biscay.
This opening is part of the strategic expansion and growth process of B&B HOTELS in the Iberian Peninsula, where the hospitality group boasts 58 hotels in Spain and 17 in Portugal, offering more than 7.000 functional, comfortable, cosy and designer rooms integrated in a large portfolio of more than 850 hotels in 17 countries of Europe.
The property is an existing hotel that has been acquired by SCPI Transition Europe, a variable capital SCPI labelled SRI which aims to support the transition that real estate must face by investing in a portfolio of diversified assets in line with the current and future developments in real estate markets managed by Arkéa REIM, real estate fund management company headquartered in Paris, France.
The transaction has had Garrigues Abogados as advisor on behalf of B&B HOTELS and Peréz Llorca, on behalf of Arkéa REIM, while Abanca Investment Bankingm ININ abogados and Iberlegal have been the seller’s advisors.
B&B Hotels plans to begin the refurbishment of the hotel soon, giving it a more modern and welcoming appearance, similar to its latest openings with halls that are characterized by the use of warm materials, open spaces and innovative design elements in very comfortable rooms and following this opening the chain now has two establishments in Asturias, joining the B&B Hotel Oviedo.
The hotel is located in the heart of the Asturian city at Avenida de la Costa, 44, a bustling street corner in Begoña Park, next to the lively and busy avenue, Paseo de Begoña, 10 minutes’ walk from both San Lorenzo and Poniente Beaches, 1.0 kilometre from the Museum of the Asturian People and Iglesia de San Pedro church with an easy access to the most important attractions of Gijón.
The establishment features 233 comfortable double and triple rooms, with amenities and services that include a warm restaurant, a refined dining area, buffet breakfast, a café, free high - speed Wi - Fi throughout the property, free coffee and hot drinks, LCD with Chromecast service and social spaces among others.
The B&B HOTEL Gijón Centro Begoña is operated on a long - term guaranteed rental basis,which allows B&B HOTELS to continue developing in asset - light business model in the Iberian Peninsula which is key to maintaining strong growth rates and projecting them in a sustained way into the future.
The Director of Expansion, CDO, of B&B Hotels Iberia, Jorge Zelada, said that this new hotel in Gijón reinforces the group expansion strategy of continuing to grow in the main provincial capitals in Spain and Portugal, in very well located locations, with a simple and quality range of services, accessible to the customer and where the B&B Hotels brand is a benchmark in the market for tourists and companies.
Link - https://www.hotel-bb.com/en/hotel/gijon-centro-begona
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