Iroko Iberia | Acquisition of a 4 - Star Hotel for €22.0 Million in Calella, Spain

Iroko Iberia, a group offers a global service for the inversion, management and financing of real estate assets throughout the Iberian peninsula, adapting to the profile of each of its investors, boosting investments in key locations, a local leader headquartered in Madrid, Spain, managing investments for Iroko Zen, its first client, an SCPI without dogma, which invests opportunistically and without constraints in any tertiary real estate sector in all countries of western Europe, based in Paris, France acquired  the 4 - Star Hotel htop Calella Palace, in Calella, Spain for €22.0 Million.

The acquisition of the property is a sale and leaseback operation closed with htophotels, hospitality group with its head office in Palafolls, Barcelona, which has 15 hotels in its portfolio and is ranked 35th in the Hosteltur Ranking of chains with the most rooms in Spain, that will continue to operate the hotel through a 20 - years lease contract

The new owners reported that an investment of €4.0 Million is planned for the renovation, restylish and improvement of the hotel.

The Hotel htop Calella Palace is a 4 - star family hotel in Calella, on the Maresme coast in the province of Barcelona, about 50,0 kilometres from the Catalan capital and 6.0 kilometres from the Montnegre - Corredor Natural Park, a popular seaside resort, known for its long beaches, ibrant atmosphere and recreational activities.

The establishment situated along Carrer de Maria Cardona, close to the local beach and the old town features 339 comfortable rooms, a restaurant, a bar, spa, a gym, solarium and children’s facilities.

The CEO of Iroko Iberia, Oscar Duclert expressed his enthusiasm to start a long - term with htophotels, leading hotel operator in Calella, stating that the planned capital investments will consolidate the hotel’s positioning and offer a unique experience.

Link 

https://www.hosteltur.com/169084_iroko-iberia-cierra-una-operacion-con-htop-hotels-por-22-m.html

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