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Tryp Zaragoza Hotel has a new owner

Colliers International Hotel división has advised an international investment fund on the sale of Tryp Zaragoza hotel to Grupo Fagra, spanish private investor who has been advised by Catella RE firm. The amount of the operation, which includes a commercial premise of more than 2,000 sq m leased to Mercadona, has not transcended.

Tryp Zaragoza hotel has been operated by Meliá under the Tryp by Wyndham brand since its opening in 2007 and has 4 stars, 162 rooms and 52 parking spaces. The new property - the Fagra Group - has assumed the independent management of the hotel and will operate now under the trade name, AVE Zentral Zaragoza.

This transaction “confirms the enormous liquidity of the hotel sector in Spain, in which we see more and more transactions in secondary cities and greater interest of the Spanish private investor.” - states Laura Hernando, Managing Director Hotels of Colliers International. According to Javier Bravo, responsible for the Catella Hotels division, “Due to the yields compression, cities like Zaragoza have been in the investors spotlight, since they offer more attractive returns. In fact, Zaragoza has been the protagonist of several hotel transactions this year, confirming the growing investment interest beyond Madrid and Barcelona.”

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 About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success in our Instagram, Twitter or LinkedIn accounts.

 

For more information:


Alejandra Folgado
Marketing & Communications Director
Colliers International Spain

T. + 34 91 579 84 00
alejandra.folgado@colliers.com


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Laura Hernando

Managing Director

Madrid

Laura Hernando is Managing Director of the Hotels Department at Colliers International Spain. She was  partner of irea from January 2017, when she was appointed to partner after more than ten years of professional career at the firm, until March 2018 when irea joined Colliers International. She specialises in advising on hotel sales, as well as on the sale and purchase of debt portfolios secured by hotel assets and company sales. She also has experience in structuring financing for the acquisition and development of hotels, in financial restructuring for hotel and real estate groups and in strategic consultancy for companies with interests invested in the hotel sector, including the negotiation of management contracts with hotel chains.

She began her career as an analyst in the mergers and acquisitions department at Atlas Capital Close Brothers. Laura joined the irea Hotels division in 2005.

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Alejandra Folgado

Marketing & Comms. Director Spain & Portugal

Madrid

As Marketing and Communications Director Alejandra is responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers International in Spain  achieve its growth and customer acquisition goals.

She began her career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where she was Knowledge & Organization Manager for almost 4 years. After a 5 years  of professional and personal experience in Italy, she returns to irea as Marketing & Communications Manager.

From January 2015 she has been Head of Marketing and Communications at irea until March 2018, when the spanish firm integrates in Colliers International.

Alejandra studied at Carlos III University (Madrid)  where she has a bachelor degree in Information Sciences. She holds an International Marketing and Communications Master from Polimoda Business School (Italy).

She has worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. Alejandra  also has experience in managing and coordinating  events including conference, congress and trade fairs.

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