27 December 2017 – Revista Hostel Pro
The 5-star Bal Hotel & Spa has 45 fully equipped rooms (doubles, junior suites and suites), as well as 4 meeting rooms, a restaurant, a piano bar, an extensive spa measuring 450 m2, a gym, 3 padel courts, a car park and a large garden area for events. It is located in Asturias, just 10 minutes from the city centre of Gijón.
The asset has been acquired by Grupo Artiem, which is also going to operate the property itself. Grupo Artiem, originally from Menorca, has a long history on its home island. It has recently started to operate hotels in the urban segment, incorporating the 4-star Artiem Madrid Hotel, with its 83 rooms, into the chain.
José Guillermo Díaz Montañés, CEO of Grupo Artiem, highlights: “The features of the property and its location in Asturias, a region that fits perfectly with our value proposition, make the Bal Hotel Spa Business & Leisure the perfect candidate for incorporating into Artiem Fresh People Hotels, given that our business philosophy is based on well-being, sustainability and people. The facilities and, above all, the team that we are incorporating into the Group will allow us to start to grow in the north of Spain and remain faithful to our philosophy and management model.
Íñigo Cumella, Hotel Broker and the person responsible for the operation, indicated: “this is a unique property in the area, both due to its quality as well as the variety of its services and facilities. On the other hand, its environment and location (just 10 minutes by car from both the beach and Gijón city centre) make it very attractive for leisure guests, as well as for the organisation of corporate meetings and the celebration of events. The completion of this operation once again highlights the significant investor interest in the hotel sector, where luxury assets such as the Bal Hotel & Spa are continuing to generate demand”.
Meanwhile, Inmaculada Ranera, Director General in España and Portugal added: “The month of December is proving to be particularly intense in terms of the closing of operations. We hope that this won’t be the last announcement of its kind before the end of 2017”.
Original story: Revista Hostel Pro
Translation: Carmel Drake
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Source:: AURA Real Estate Experts