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Marriott sells Renaissance Barcelona to Qatar Armed Forces

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Staff writer ▼ | January 31, 2014
Marriott International has sold its leasehold interests in the Renaissance Barcelona Hotel to an affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP) for approximately 78 million euros.
Renaissance Barcelona
Renaissance BarcelonaMarriott International has sold its leasehold interests in the Renaissance Barcelona Hotel to an affiliate of the Qatar Armed Forces Investment Portfolio (QAFIP) for approximately 78 million euros.


Of the price, including 45 million euros ($62 million) cash and the assumption of 33 million euros ($45 million) of related obligations. The hotel will continue to be operated by Marriott under a long-term management contract.

Opened in April 2012 following a major renovation, the Renaissance Barcelona Hotel is located in Barcelona's vibrant Eixample District and close to some of the city's most extraordinary cultural attractions including two of Gaudi's architectural masterpieces: La Sagrada Familia and La Pedrera.

Within walking distance of Paseo de Gracia, the city's world-renowned avenue filled with impressive architecture and exceptional shopping, the stylish hotel offers exceptional service and contemporary design.

Renaissance Hotels is a lifestyle brand within the Marriott International global portfolio designed to help guests Live Life to Discover. Its signature concierge service, R Navigator, and RLife LIVE entertainment programme showcasing emerging talent in music, art and culinary, help guests explore local discoveries and transform their travel experience.


 

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