Blasson finalises the purchase of the Sofia hotel in Barcelona for €230M

Blasson finalises the purchase of the Sofia hotel in Barcelona for €230M
Selenta Hotel Sofia, Barcelona

The fund manager Blasson Property Investments is finalising the acquisition of the Sofia hotel in Barcelona in a deal worth around 230 million euros, according to Cinco Días.

The Sofia hotel in Barcelona is owned by the Canadian fund Brookfield, which added it to its portfolio when it completed its acquisition of the Selenta chain last year for 440 million euros. Now, it is negotiating its transfer to Blasson, a management company founded by Francisco J. Meliá, Enrique Benjumea and Antonio Pan de Solaruce.

The Sofia hotel was the jewel in Selenta's portfolio. Located on Avinguda Diagonal, next to Camp Nou, it has 465 rooms and a five-star rating. Blasson would pay around 500,000 euros per room.

The transaction is currently in the process of due diligence, which should lead, if everything is correct, to the definitive transfer of the asset. Once in Blasson's hands, the new owner will determine whether to keep the management of the establishment in Selenta's hands.

Brookfield bought the majority of Selenta's hotels from the Mestre family in the summer of 2020. Alongside the Sofia, the portfolio included the Don Carlos Resort&Spa in Marbella, the Mare Nostrum in Tenerife and the Expohotel in Barcelona.

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