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El Corte Inglés & Palladium Sell the Ayre Chain to Eurazeo

The transaction has been closed for 130 million euros and includes five assets with a total of 800 rooms.

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El Corte Inglés and the hotel company Palladium have closed the sale of their hotel chain. Specificaly, the joint venture has sold the Ayre chain to Eurazeo.

The operation amounted to more than 130 million euros and includes five hotels in Barcelona, Madrid, Córdoba and Oviedo, as well as a plot of land in Porto. In total, the portfolio comprises more than 800 rooms.

Read the full article in Spanish.

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