The hotel, covering nearly 2,700 square meters, is situated in Zaragoza, Spain’s fifth-largest city. The property is leased to a regional, family-owned hotel operator under a 10-year fixed lease, offering a yield of 7.57%. The acquisition strengthens Novaxia NEO’s real estate allocation in Spain, bringing the country’s share to 8%, complementing its existing holdings in Madrid, Barcelona, and Valencia.
Aligned with Novaxia NEO’s sustainable and heritage strategy, the acquisition reflects the group’s focus on financial performance while adhering to environmental, social, and governance (ESG) standards. The hotel will undergo an energy improvement and carbon footprint reduction program, estimated at over €200,000. This initiative includes the installation of energy-efficient sensors, enhanced thermal insulation, and the optimization of hot water production systems. These efforts aim to reduce CO₂ emissions by 550 tons over the next 10 years, further reinforcing Novaxia NEO’s commitment to sustainability.
“This new hotel acquisition strengthens our presence in Spain, one of Novaxia NEO’s five countries, with a high-yield asset operated by a leading local player. We remain true to our commitments by combining geographic and sector diversification with quality of signature, with the objective of creating robust long-term value for our investors.” – Mathilde Krieger, Chairwoman of the Executive Board of Novaxia Investissement
The property is strategically located in Zaragoza’s cultural and tourist hub, near landmarks such as Plaza del Pilar and La Seo Cathedral. The hotel, operated by Grupo VTZ Alojamientos since January 2024, features 45 rooms, a restaurant, gym, and common areas, and is expected to benefit from both tourism and business clientele due to its proximity to Zaragoza’s Congress Center.
This acquisition is part of Novaxia NEO’s long-term strategy to diversify its portfolio, targeting high-potential markets and maintaining a focus on sustainability and high-quality assets. This can also be confirmed from the recent acquisition of a 3-star hotel in Dresden, Germany. This move is in line with the company’s ongoing strategy to diversify both geographically and sectorally. The acquisition includes a long-term 15-year lease with a prominent hotel operator, further solidifying Novaxia NEO’s presence in the European market.
About Novaxia:
Novaxia Group is a company focused on property investment, with an emphasis on sustainability and socially responsible practices. The group specializes in repurposing outdated commercial properties in France, aiming to improve their value and environmental performance. Through a network of partners, Novaxia provides investment opportunities that align with sustainable property development and responsible investment principles.
This article was written with the help of artificial intelligence using official information.
