Brookfield buys Spanish hotels for 440mln euros

Brookfield Asset Management has reached an agreement with Selenta Group to purchase four hotels in Spain for 440 million euros.

The portfolio being acquired contains more than 2,200 rooms in Sofia and Expo hotel in Barcelona, Don Carlos Resort & Spa (Marbella) and Mare Nostrum Resort (Tenerife).

The senior vice president of Brookfield, Alberto Nin, said that Selenta Group offers the company an attractive opportunity to expand in Spain by acquiring high quality assets in the local market.