Paris – Essendi, a leading hotel owner and operator in Europe, announces the strategic sale of its portfolio of assets in Argentina to ISWM Group. The portfolio is composed of five hotels located in Buenos Aires and Mendoza. This transaction is a key step in Essendi’s asset management strategy, aimed at consolidating the Group’s positioning in the economy and midscale segments in Europe.
Since 2021, Essendi has been pursuing the transformation of its hotel portfolio, focusing on the most profitable, mostly owned assets in the economy and midscale segments in Europe, to increase their quality and value. This strategy is also reflected in recent initiatives such as the opening of the new TRIBE Krakow Old Town in Poland, the buy-back of the ibis Edinburgh Centre South Bridge, and the renovation of the Novotel Zurich Airport Messe.
With the strategic disposal of its Argentina assets, 96% of Essendi’s hotel portfolio is now located in Europe, underlining the Group’s commitment to strengthening its presence and creating long-term value in this key market.
At this stage, Essendi continues to own a portfolio of hotels located in Latin America (Chile, Colombia, Mexico, and Peru), for which the Group is actively collecting and analyzing investment proposals from interested parties.
About Essendi
At Essendi, we do more than operate hotels: we create the dynamics that make them thrive. As a European leader in the economy and midscale segments, we invest and operate with a single ambition: to transform each asset into a sustainable, vibrant, and meaningful place. We combine asset management and operational excellence to unlock the unique potential of every hotel.
Present in 24 countries with 20,000 employees, we operate 576 hotels under internationally renowned brands such as ibis, Novotel, and Mercure, etc.
Wherever we are, we are committed to fostering positive hospitality, acting for the benefit of our business, our teams, and the world around us.
Learn more at Essendi.com
