Meliá Hotels sells €73m of Spanish hotels to local REIT

Spanish hotel operator Meliá Hotels has agreed to sell three hotels in Seville, Santa Cruz de Tenerife and Fuerteventura to the REIT Atom Hoteles for a total of just over €73 mln.

Meliá will continue to operate the assets for a five-year period and has the possibility to extend the lease four times.

As part of the agreement, Atom has committed to invest around €2 mln in capex to reposition the assets.


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