Victoria Hotels & Resorts alternative investment vehicle promoted by Bankinter Investment, GMA and Meliá Hotels International has sold two of its flagship assets - the Hotel Innside Zaragoza and the Hotel Innside Palma Bosque
The 102-room Hotel Innside Zaragoza was acquired by a private investor while the 262-room Hotel Innside Palma Bosque was purchased by the joint venture created between Meliá and an institutional investor. Both hotels will continue to be operated by Melia.
Both transactions carried out for a combined asset amount of €74 million, representing a capital gain of €36 million.
Victoria Hotel’s portfolio currently comprises six hotels: the Gran Meliá Victoria in Mallorca, Paradisus Gran Canaria, Meliá Granada, Villa Le Blanc Gran Meliá in Menorca, Paradisus Las Salinas in Lanzarote and Meliá Zahara Resort & Villas in Cádiz.