Renaissance Barcelona Hotel Sold for €78 million
Thursday January 30th, 2014 - 3:02PM EB
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BARCELONA—HVS Hodges Ward Elliott has arranged the sale of Marriott International’s interests in the Renaissance Barcelona Hotel located here to an affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP) for around €78 million.
Marriott International will continue to operate the hotel under a long-term management contract. The 211-room Renaissance Barcelona Hotel was opened in April 2012 after extensive renovation.
HVS Hodges Ward Elliott is a joint venture between the international hotel consultancy firm HVS and the U.S. hotel real estate brokerage and investment banking firm Hodges Ward Elliott. HVS Hodges Ward Elliott acts as broker and investment advisor in European hotel real estate markets, and focuses on disposition advisory services.
Tags: Renaissance Barcelona • HVS Hodges Ward Elliott • Hospitality • Brands • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.