• Marriott sells in Barcelona

Marriott has sold the Renaissance Barcelona for EUR78m. The deal, including a EUR45m cash element and the assumption of debts, sees the Qatar Armed Forces Investment Portfolio take over the long leasehold interest on the property.

Marriott opened the hotel in April 2012, following a substantial refurbishment of the building. The company has committed to continue running the hotel under a long term management contract.
Read the full story here:
http://news.marriott.com/2014/01/marriott-sells-interests-in-renaissance-barcelona-hotel-for-.html

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