AXA IM Alts, a global leader in alternative investments with over €186 billion of assets under management, announces that it has acquired, on behalf of its clients, the 5* Hotel Sofia in Barcelona from Selenta Group, Brookfield’s Spanish hospitality platform. The property was acquired in joint venture with Spanish based partner Blasson Property Investments, acting as operating partner. Upon acquisition, AXA IM Alts plans a repositioning programme, following which the hotel will be operated by a leading global hospitality group, Hyatt International.
The 19-storey hotel, which dates back to 1974 but underwent a comprehensive renovation between 2016-2019, comprises 465 rooms as well as two bars, a restaurant, café, rooftop restaurant & bar terrace and wellness facilities including a spa, gym and both an indoor and outdoor pool. The repositioning program embarked by AXA IM Alts will aim to further enhance the hotel’s specifications, amenities and sustainability credentials.
Source: AXA-IM.com on the 17th of April 2023
https://www.axa-im.com/press-releases