CBRE was charged with the operation, on behalf of thae building’s seller, after having been involved in the sale of Hotel Exe Liberdade also to Swiss Life Asset Managers, in 2019. Francisco Horta e Costa, the consultant’s general manager for Portugal, commented in a release that «the hotel segment was one of the most affected during last year, having reaching concerning operational circumstances. Now, it is expected to recover quickly and fully. The conclusion of this deal reinforced the CBRE’s hotel business division, with the sale of one of Lisbon’s most central hotels, a strategic acquisition for the buyer».
Duarte Morais Santos, director of CBRE’s hotel division, remarked that «the sale of Hotel Exe Saldanha by D. Chaves 5/9 S.A. to Swiss Life Asset Managers shows the hotel and tourism segments remain resilient and confident in the post-pandemic. Expectations of recovery are positive for the segment’s players, which ends up being decisive for the business dynamic to continue».