The Swiss Life Group has acquired the Hotel Axel Barcelona in a sale & leaseback transaction for which it will pay 30 million euros, according to EjePrime.
The acquisition was formalised through the Sivav-Sif European Hotel fund, which has already bought a hotel asset in Paris and another in Lisbon.
Located on Calle Aribau, in the Eixample district, the four-star complex has 101 rooms. It has been in operation since 2003, is focused on the LGBTQ community, and will provide an annual return on the property of between 5% and 5.5%.
