Spanish hotel group Selenta is reported to be in talks to sell its portfolio of five hotels in Barcelona, Marbella, the Canary Islands and Valencia, according to Spanish real estate publication Eje Prime.
International investors Blackstone, Goldman Sachs, Fortress or Lone Star are said to be considering the acquisition, expected to reach 450 million euros. The group has succumbed to the acute tourism crisis caused by the pandemic.
Selenta already sold its recently renovated Nobu Hotel in central Barcelona to private equity firm ActivumSG Capital Management in a bid to manage its financial situation. The company suffered from the Covid crisis following a number of investment in renovation projects.
Selenta group was founded in 1976 and owns and operates six hotels, as well as managing resorts under the Nikki Beach and Hard Rock brands.