Global investment giant AXA Investment Managers - Real Assets (AXA IMRA) is taking full control of the Hilton Diagonal Mar Hotel in Barcelona in a €70 mln deal with Iberdrola Inmobiliaria.

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AXA IMRA takes full control of Barcelona hotel for €70m

AXA IMRA, which initially bought a 55% stake in the asset in June for €80 mln, is buying the remaining 45% share in the largest hotel property deal of the year in the Spanish city.

The 4-star hotel, which is operated by Hilton Hotels on a long-term lease, comprises 430 keys on 24 floors. Opened in 2005, it provides a total of 30,000 m2.

Irea brokered the deal.