US Edition
M&g Closes Its First Hotel Investment and Acquires Barcelona's Travelodge Poblenou Hotel for 50 Million
4 Articles
4 Articles
M&G has closed its first investment in the hotel sector , representing the M&G European Property Fund , after acquiring the Hotel Travelodge Poblenou in Barcelona for 50 million euros , informs the company this Thursday in a statement. The operation follows the investment of 239 million euros destined for 'living' assets in Barcelona
M&G Real Estate, which is part of M&G’s private market business, whose assets under management reach 93 billion euros, has acquired the Travelodge Poblenou Hotel in Barcelona for around 50 million euros, some 200,000 euros for each of its 250 rooms. This operation represents the first investment of the M&G European Property Fund, with a value of 4.8 billion euros, dedicated exclusively to the hotel sector, following the recent investment of 239 …
M&G Real Estate has acquired the hotel Travelodge Poblenou (Barcelona) for 50 million euros. The operation has been carried out on behalf of the M&G European Property Fund, one of the largest variable-capital real estate vehicles in Europe with a value of around 4.8 billion euros. Read more: Radical turn in Atleti plans: farewell to the hotel to give way to a "temple" of concerts This acquisition is the first investment of the fund focused exclu…
Originally published in Brains Real Estate News M&G enters the hotel sector after acquiring the Travelodge Poblenou (Barcelona) for 50 million 2 M&G Real Estate, part of M&G Real Estate's private market business has closed the acquisition of the Travelodge Poblenou hotel in Barcelona for around 50 million euros. The operation has been carried out on behalf of the M&G European Property Fund, a real estate investment vehicle with a value of about …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
