ActivumSG, a leading independent pan-European real estate investment manager, has completed the sale of the 118-room Palacio Solecio hotel in Malaga. The asset has been purchased for €51 million by an undisclosed buyer.
INTERNOS Global Investors, the pan-European owner-managed real estate fund management firm with €3.5 billion AUM, confirms the closing of the acquisition of the Vincci Selección Hotel Posada del Patio in Malaga for €26.75 million from Dospuntos, a real estate company controlled by Värde Partners. This acquisition follows the first closing of INTERNOS' second hotel real estate fund with equity of €133 Million from seven German institutional investors. All but one of these investors had already invested in Internos' first hotel real estate fund, a core fund launched in 2012 which has consistently exceeded target returns and became fully invested in 2016 with its AUM recently reaching €500 Million.
Hilton Garden Inn, Hilton Worldwide's award-winning brand of peaceful and energizing hotels, announced today the opening of Hilton Garden Inn Malaga, adding to the brand's growing portfolio of more than 625 hotels worldwide.