The seller is an international investment fund. Catella advised Fagra and Colliers International advised the seller.
Tryp Zaragoza is a 4 star hotel with 162 rooms and 52 parking spots, which opened in 2007. Up until now it was being managed by the Meliá group under the brand Tryp Wyndham, and Fagra will now assume its independent management.
Javier Bravo, in charge of the hotel division at Catella, commented that Zaragoza «has become a target for investors» thanks to «more attractive yields», quoted EjePrime.
Laura Hernando, from Colliers, believes the deal «confirms the enormous liquidity of the hotel segment in Spain. (…) We see increasingly more transactions in secondary cities» and a «greater interest from the Spanish private investors».