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The operation has been advised by Catella

The real estate consultancy Catella has advised Servihabitat on the sale of the ABBA Granada hotel for just over nine million euros to a private national investor. The 4-star establishment, located on Avenida de la Constitución, 21 in Granada, has 136 rooms, and extensive catering facilities and spaces for events. The hotel, managed by the international hotel chain ABBA, is located a few meters from the AVE station, next to the Triunfo gardens and the University of Granada and very close to the main points of interest in the Andalusian city.
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According to Carlos López, Catella's partner, "despite the global uncertainty we are currently experiencing as a result of the COVID-19 crisis, the Spanish real estate sector continues to generate appetite in national and international investors." Along the same lines, Javier Bravo, head of hotels at Catella, highlights that "this type of operation reflects the continuous movement that the hotel transaction market is experiencing in our country".
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The tourist industry in Granada has developed significantly in recent years. The hotel offer in the city of Granada is made up of a total of 82 hotels, registering more than 6,500 rooms. Most of them (44%) belong to the 4-star segment, followed by 3-star hotels, which represent 35% of the offer. 5-star hotels have 7%, while the rest of the segments (2 *, 1 *, aparthotels and hostels) offer 14% of the establishments in the city.