Pygmalion and CBRE IM have put nine Silken hotels across Spain on the market.
Located in Seville, Madrid, Bilbao, San Sebastian, Santander, Tenerife, Valladolid and Ciudad Real, the 4-star hotels which comprise over 1,600 rooms were purchased in 2018, allowing CBRE IM at the time to enter the Spanish market.
The hotels previously belonged to the construction group Urvasco.
Following a repositioning programme, the hotels - Al Andalus Palace in Seville, Amara Plaza in San Sebastian, Indautxu in Bilbao, Juan de Austria in Valladolid, Puerta Madrid in Madrid, Alfonso X in Ciudad Real, Coliseum in Santander, Río in Santander and Atlántida in Tenerife – have now been put up for sale.
Hospitality Investor reached out to Pygmalion for comment. CBRE IM declined to comment.