Lonta Investments sold 4 star Madrid hotel
CBRE Global Investors (CBRE GI) has acquired a 4 star hotel in Spain from a subsidiary Signal Real Estate Opportunities Fund.
CBRE GI has acquired Hotel Exe Moncloa in Madrid from Lonta Invesment 2016 for an undisclosed sum. The 61 room hotel is leased to Hotusa and VIPS. The hotel has 770square metre on the ground floor.
CBRE Global Investors said that the acquisition offers its client s stable cash flow in a liquid and established investment market.
CBRE GI said, “The Spanish hotel market is increasing appealşng to institutional investors with the potential of further yield compression against other asset classes and rental uplift.”
Fulya Altunyay/[email protected]