Spanish property firm Testa has acquired a 20-year leasehold on the Sanvy Hotel in Madrid. The four-star property is leased to the NH Hotel chain and was sold by bank Caja Madrid and Mapfre for EUR 61 mln. The hotel has 149 rooms and is located in the Salamanca district of Madrid, Spanish financial paper Cinco Dias reported.
Spanish property firm Testa has acquired a 20-year leasehold on the Sanvy Hotel in Madrid. The four-star property is leased to the NH Hotel chain and was sold by bank Caja Madrid and Mapfre for EUR 61 mln. The hotel has 149 rooms and is located in the Salamanca district of Madrid, Spanish financial paper Cinco Dias reported.
