PFO, a fund managed by French asset manager Perial Asset Management, has acquired the Dolce Sitges Barcelona hotel for an undisclosed amount.
Located on top of a hill which provides great views overlooking Sitges and the Mediterranean Sea, the 5-star hotel benefits from 263 guestroom, 3 restaurants, 2 bars, 23 meeting rooms, 4 outdoor pools, spa, gym and 215 parking spaces. The asset, which is strategically located in one of the most important tourist spots in Spain, was sold by landlord Talus Real Estate and the US fund Angelo Gordon.
The hotel was reopened in January 2020 after an extensive renovation of all the guestrooms, F&B, public areas and MICE facilities.
Grupo Hotusa, a major global hospitality company with headquarters in Barcelona, has been selected to operate the hotel under the Eurostars brand.
Oaktree sold the asset in 2017 to Talus and Angelo Gordon for around €40 mln.
JLL acted on behalf of the Seller.