AXA IM Alts snaps up Hotel Sofia in Barcelona
Transactions - APRIL 17, 2023

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AXA IM Alts snaps up Hotel Sofia in Barcelona

by Kali Persall

AXA IM Alts has acquired the Hotel Sofia in Barcelona from Selenta Group, Brookfield’s Spanish hospitality platform. The property was purchased in a joint venture with Spain’s Blasson Property Investments, which acted as operating partner. Financial terms were not disclosed.

The 19-story hotel, which dates to 1974 but underwent a comprehensive renovation between 2016 and 2019, includes 465 rooms, two bars, a restaurant, a café, a rooftop restaurant and bar terrace and wellness facilities, including a spa, gym and both an indoor and outdoor pool.

AXA IM Alts is planning a repositioning program to further enhance the hotel’s specifications, amenities and sustainability credentials. After this the hotel will be operated by Hyatt International.

Hotel Sofia is in the Les Corts area of Barcelona, the heart of the city’s central business district. The hotel is less than a 10-minute walk from two metro stations and 15 minutes from El Prat airport via public tra

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