Property adviser Christie + Co, acting on behalf of Spanish hotel chain Set Hotels, has sold the freehold of the five-star hotel El Rompido Golf on the west coast of Huelva, Spain, to Precise Hotels Collection for an undisclosed sum.
Percise is a Berlin-based hotels group. The company operates 10 hotels in Germany and has identified Spain as a target for expansion. The purchase of the Hotel El Rompido Golf marks Percise's debut in the Spanish hotel market.
Hotel El Rompido Golf is a 184-bedroom hotel with 12 suites, based in the El Rompido Golf & Beach Resort in Costa de la Luz. The business opened in mid-2003.
Inmaculada Ranera, managing director of Spain and Portugal at Christie + Co, said: 'This is a landmark transaction which we were able to complete in just four months. As trading performances continue to improve across Spain, the demand for such assets will continue to grow.'
Founded in 1995, Set Hotels, which is based in Menorca, operates several other hotels in the region. |