Atom Hotels plans to spend €80M in refurbishing hotels

Atom Hotels plans to spend €80M in refurbishing hotels

Hotel NH Madrid La Tablas

The assets are located in Mallorca, Tenerife, Valencia, Cadiz, Seville, A Coruña, Fuerteventura and La Palma, in the Canaries, and Brussels and should be intervened, according to Eje Prime this Wednesday.

Atom Hotels already has 28 luxury units in its portfolio, which has already reached 680 million euro, according to its report concerning the first quarter.

Last year alone, the REIT added 6 units to its portfolio: Hotel Meliá Valencia for 42.3 million euro; Hotel Senator Cádiz for 15 million euro; Hotel Tryp Coruña for 12.9 million euro; Hotels Isla Bonita and Riviera Marina in the Canaries for 67.4 million euro; and Hotel NH Madrid La Tablas for 21.3 million euro.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!