M&G Real Estate Acquires Travelodge Barcelona Poblenou in Spain for Approximately €50 Million
🏢 M&G Real Estate acquired the 250-room Travelodge Barcelona Poblenou in Spain for €50 million, located 3 km from Barcelona's historic center, with 12 years and 4 months remaining on the lease. Millemont Capital Partners purchased 174-room Crowne Plaza Reading East and 168-room Crowne Plaza Marlow in the UK, both near London Heathrow. Montagnettes acquired the 79-room Excelsior Chamonix Hôtel & Spa in France, intending to renovate it. Square Group bought the 48-room Best Western Plus 61 Paris Nation, now owning three Paris hotels.
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