AXA IM Alts has acquired the 5* Hotel Sofia in Barcelona from Selenta Group, Brookfield’s Spanish hospitality platform.
The property was acquired in a joint venture with Spanish-based partner Blasson Property Investments, acting as operating partner. Upon acquisition, AXA IM Alts plans a repositioning program, following which the hotel will be operated by a leading global hospitality group Hyatt International.
The 19-storey hotel, which dates back to 1974 but underwent a comprehensive renovation between 2016-2019, comprises 465 rooms as well as two bars, a restaurant, café, rooftop restaurant & bar terrace and wellness facilities including a spa, gym and both an indoor and outdoor pool. The repositioning program embarked by AXA IM Alts will aim to further enhance the hotel’s specifications, amenities and sustainability credentials.
Hotel Sofia is located in the Les Corts area of Barcelona, in the heart of the city’s central business district. Less than a ten-minute walk from two metro stations and just 15 minutes from El Prat airport via public transport, the hotel offers guests quick and direct access to Barcelona’s main office neighbourhoods and tourist attractions, including the Camp Nou and the Pedralbes Palace Gardens.
