PropertyEU

Sol Melia in EUR 49m hotel sale-and-leaseback

By A staff reporter 2011-01-24T00:00:00

Spanish hotel chain Sol Meliá has announced the sale-and-leaseback of the Lebreros hotel in Seville, southern Spain. The 437-room property was sold to BBVA Renting for over EUR 49 mln. The hotel operator has also agreed to lease back the asset for a period of 12 years.

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