Equity Inmuebles place hotel portfolio up for sale for €700M

Equity Inmuebles place hotel portfolio up for sale for €700M
Hotel ME Madrid

Equity Inmuebles, the company owned by several families, has put 17 establishments managed by Meliá on the market. The operation is valued at around 700 million euros.

The portfolio includes the ME hotel in Plaza de Santa en Ana, in Madrid, as well as five other establishments in the Spanish capital, along with other hotels in Marbella, A Coruña, Chiclana de la Frontera and Baqueira Beret. The portfolio is completed with three Sol holiday establishments and eight former Tryp establishments, including two on Madrid's Gran Vía.

The owners of Equity Inmuebles are the Calero, Briones and Mazin families, surnames linked to the founding of the Tryp chain and whose ties with Meliá date back to 1999. That year, the Majorcan chain acquired its rival for 360 million. However, these properties remained in the hands of the sellers, who signed a 75-year lease with Meliá.

The 17 hotels have a total of 2,500 rooms, which are divided almost 50% between vacation and urban, with the exception of the Royal Tanau Boutique Hotel in Baqueira, which has five stars and adds a batch of 128 apartments to the process.

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