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Elaia Sells 4 Hotels in Cataluña and the Balearic Islands to Swiss Life for €50M

Elaia

The hotels are located on the coast in Cataluña and the Balearic Islands and have long-term lease contracts with Pierre & Vacances, which manages three of the assets, and Hotel Atelier.

Elaia is thereby continuing with its asset rotation strategy; it used to own fourteen properties, and it announced the sale of eight last year. The company has also announced the sale of a hotel at number 40 Calle Atocha, in Madrid, according to information submitted to the MAB.

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